Project description
and objectives:
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The proposed project will provide on-lending funds to leading Moldovan banks
and non-bank microfinance institutions which will enable EBRD to further
expand outreach to creditworthy MSEs throughout the country. Credit lines to
commercial banks will be accompanied by an intensive technical assistance
programme which will ensure that they develop the necessary skills and
capacity to undertake MSE lending profitably.
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Sub-projects:
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- Moldova MMF - Mobiasbanca
- Moldova MMF - Banca Sociala
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Transition impact:
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The proposed project will enable the Bank to increase financial intermediation
by expanding and deepening outreach as well as facilitate competition through
strengthening domestic banks committed to this sector. Competition will
result in downward pressure on interest rates thus benefiting MSE borrowers.
Additional transition impact will be the transfer of skills and know-how to
loan officers as the four PB will benefit from TC.
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The client:
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The proposed project will initially be implemented in four local commercial
banks.
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EBRD finance:
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USD 25 million “Moldova Microlending Framework” in the form senior loans to
local commercial banks for on-lending to micro and small enterprises (MSEs).
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Total project cost:
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USD 25,000,000 (EUR 20,621,958.26)
TC of EUR 1.3 million has been provided by the ETC Multi Donor Fund (approved
by TC Com on 05 July 2005)
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Environmental impact:
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All partner banks will adhere to the Bank’s Environmental Procedures for Micro
and Small Loans and apply them to all sub-loans financed under this Facility.
Sub-loans will be required to comply, at a minimum, with national health,
safety and environmental legislation and standards. Each PB will provide EBRD
with Annual Environmental Reports.
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Technical
cooperation:
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TC funding has been provided by the ETC Multi Donor Fund for EUR 1.3 million
and this will provide the necessary resources for two years of assistance to
the four selected partner banks. Each of the partner banks will also
contribute substantial staff resources, management resource and office
facilities.
Consultants have been selected under EBRD’s standard procedures and the Bank
is currently engaged in contract negotiations: consultants are expected to
commence the TC programme in February 2006.
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, e-mail: dziurmans@ebrd.com
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EBRD contact:
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Firouza Iskhakova, Operation Leader: iskhakof@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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