The U.S. International Development Finance Corporation (DFC) and Microinvest have initiated a new partnership in order to support small and medium-sized enterprises (SMEs) in Moldova. Through a $30 million loan provided by DFC, this collaboration aims to provide essential financial resources to local businesses, fostering growth and promoting economic development, with a special focus on empowering women entrepreneurs.
By joining forces, Microinvest and DFC are committed to supporting Moldovan entrepreneurs and contributing to the country’s long-term economic and social success. Access to finance is an important factor for business growth, particularly in developing countries, where SMEs often face limited funding options, and Moldova is not an exception. By providing essential financial resources, this partnership helps bridge the gap, enabling entrepreneurs to invest in innovation, expand their operations, and create jobs, ultimately driving sustainable economic growth and improving the well-being of local communities.
“DFC is proud to support Microinvest in expanding access to finance for small business in Moldova. This transaction aligns with our goal of supporting economic growth and financial access and helping to mobilize private capital to drive positive developmental impact for communities across Moldova.”
"We express our deepest gratitude to DFC for strengthening the partnership with Microinvest and providing vital financing to support the Moldovan private sector. Ranked 5th in lending portfolio among banks and non-banks, Microinvest plays a significant role in supporting local businesses and individuals in Moldova. This new financial injection allows us to further amplify our impact, creating even more opportunities for growth, resilience, and the continued success of Moldova’s business community."
The partnership between Microinvest and DFC is part of the broader Democracy Delivers initiative, aimed at supporting economic development and strengthening democratic institutions in emerging markets. This collaboration aligns with the initiative’s goals by providing essential financing to businesses in Moldova, particularly small and medium-sized enterprises, contributing to sustainable economic progress and resilience.
The U.S. International Development Finance Corporation (DFC) is the U.S. Government’s development finance institution. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invests across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
OCN Microinvest SRL is a non-banking lending organization operating in the Republic of Moldova. The company has consistently demonstrated its major role in the Moldovan financial market by providing financial support to local businesses, agriculture, and individuals, thereby contributing directly to the country’s economic growth. According to the National Bank of Moldova, Microinvest holds the largest loan portfolio among non-banking lending institutions in the country, with a market share of 36,3% as of H1-24. About 68% of its portfolio is allocated to business clients, of which, over 44% to Agri sector. Microinvest is the only financial organization in Moldova that holds the international GOLD certificate in the field of customer protection.
