ProCredit Bank Moldova

Location:

Moldova

Project number:

35218

Business sector:

Non-depository Credit (non bank)

Notice type:

Private

Environmental category:

FI

Target board date:

22 Mar 2005

Status:

Completed

PSD disclosed:

18 Feb 2005

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

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.

Project Cost

USD 2.9 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

Sabina Dziurman

Tel: 44 207 338 7730

E-mail: dziurmans@ebrd.com.

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.