Moldova Microlending Framework



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

04 Apr 2006



PSD disclosed:

22 Feb 2006

Project Description

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.

Transition Impact

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.

The Client

The proposed project will initially be implemented in four local commercial banks.

EBRD Finance

USD 25 million “Moldova Microlending Framework” in the form senior loans to local commercial banks for on-lending to micro and small enterprises (MSEs).

Project Cost

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)


Environmental Impact

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.

Technical Cooperation

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.


Company Contact

Sabina Dziurman, e-mail:


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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