Project description
and objectives:
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The proposed project will provide reliable access to financial services for
micro and small enterprises which will give direct support to the development
of the private sector.
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Transition impact:
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The transition impact is expected to be significant as ProCredit provides
continuous support to micro and small enterprises that would otherwise have
little or no access to formal sector finance. The finance company will also
support the development of the Moldovan financial sector by operating as a
best practice institution committed to the principles of complete transparency
and strong corporate governance.
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The client:
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ProCredit is a closed joint stock company founded in December 1999 which is
devoted to providing financial services to micro and small enterprises. It is
owned by ProCredit Holding AG, EBRD, IFC, Western NIS Enterprise Fund, KfW and
DOEN Foundation.
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EBRD finance:
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USD 0.9 million existing subordinated debt will be extended for a further
three years. USD 2 million will be provided as senior debt with a maturity of
five years.
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Total project cost:
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USD 2.9 million.
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Environmental impact:
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ProCredit will carry out its operations in accordance with EBRD’s
“Environmental Procedures for Small and Micro Loans”. In implementing these
procedures, it will require its borrowers to comply, at a minimum, with
national/local environmental, health, safety and public consultation
requirements.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Sabina Dziurman
Tel: 44 207 338 7730
E-mail: dziurmans@ebrd.com.
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EBRD contact:
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Nadezhda Litvac, Operation Leader: litvacn@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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