The European Bank for Reconstruction and Development (EBRD) has launched a new EUR 10 million credit line for SMEs in Moldova supported by EU4Business.
The funds could help your SME take advantage of the opportunities offered by the Deep and Comprehensive Free Trade Area (DCFTA) agreement Moldova has with the EU.
The credit facility aims to help local SMEs invest in improvements in product quality and modernise services to meet EU standards.
To launch the facility, the EBRD is providing EUR 10 million to Mobiasbanca-Groupe Société Générale for on-lending to SMEs. The facility is expected to expand to other local banks in future.
EU4Business is providing SMEs with grant incentives of up to 15 per cent and funding advisory services by local and international consultants.
The package offers Moldovan SMEs:
- long-term financing for investment in new technologies and equipment in compliance with EU standards;
- cash-back incentives of up to 15 per cent of the investment financed by the partner bank, payable upon completion of the investment project;
- technical advice available free of charge from local and international experts.