The European Bank for Reconstruction and Development (EBRD) has provided a senior multi-currency loan of up to a €20 million equivalent to NBFC Microinvest LLC, Moldova’s largest non-bank lending institution, the bank announced on 27 January.
The financing will be used for on-lending to local private micro, small and medium enterprises (MSMEs), helping to strengthen Moldova’s private sector and support economic growth.
This investment is part of the Bank’s Financial Intermediaries Framework (FIF). It aims to enable Microinvest to diversify its funding base, extend the duration of its liabilities, and expand MSME financing at a multiple of EBRD’s contribution. The project will also promote regional outreach and acquisition of new clients, addressing significant transition gaps in Moldova’s financial sector.
The project will boost the competitiveness and resilience of Microinvest, which Moldova’s Victoriabank recently bought.
“With over 22 years of experience, Microinvest already plays a key role in the local financial market by offering tailored financial solutions to businesses, farmers, and individuals – helping to fuel both economic and social development,” says a press release by ERDD. “By expanding MSME lending and maintaining portfolio quality, Microinvest will play a key role in fostering a more robust and inclusive financial system in Moldova.”
This investment also reinforces the EBRD’s commitment to supporting Moldova’s private sector development and green transition, while promoting sustainable growth and resilience in the face of regional challenges.
