On 13 December, the European Fund for Southeast Europe (EFSE) extended a €10 million loan facility to ProCredit Bank. The facility will enable the Bank to provide long-term financing to small and medium enterprises (SMEs), contributing to financial intermediation and increased business resilience.
ProCredit Bank is a dedicated SME financier that aims at providing dedicated products and services that cater to the needs of SMEs in Moldova. The financing aims at strengthening ProCredit Bank’s capacities to support local businesses by providing tailored financing for working capital and investment purposes and thus strengthen their competitiveness and facilitate their integration to European markets.
“Moldovan SMEs are integral to building a vibrant, resilient economy, and their success has far-reaching effects on local communities and beyond,” said Jasminka Begert, Fund Director of EFSE at Finance in Motion. “Through this partnership with ProCredit Bank, EFSE reinforces its mission to channel impactful financing where it matters most, empowering businesses to invest in their growth and unlock new potential.”
An impact investment fund established in 2005, the European Fund for Southeast Europe (EFSE) aims to foster economic development and prosperity in Southeast Europe and the European Eastern Neighbourhood Region.
