Mobiasbanca - Groupe Societe Generale continues supporting the SMEs activity in Moldova by establishing a partnership with the European Investment Bank, which offers the possibility to offer financial products on more favorable terms.
Beneficiaries
Especially autonomous Small and Medium Enterprises ("SMEs")* located in Moldova, also “Medium Enterprises” and public entities for energy and environmental projects.
Avantages
SMEs that access loans from the EIB sources benefit from favorable interest rate in comparison with standard interest rate for similar loans from other sources.
Eligible purposes
EIB aims to finance all the investments and expenses incurred in the development of SMEs through eligible projects, except for purely financial transactions:
– The purchase, renovation or expansion of tangible assets, except land; Note: Funding acquisition of land is excluded, except where absolutely necessary, in terms of technically, for investment. Funding acquisition of arable land is excluded.
– Investments in intangible assets, respectively:
– Working capital for medium and long term to enable SMEs to finance the debts associated with their business cycle, as part of their normal business.
► A European cooperation for the benefit of SMEs
The EIB is the long-term lending bank of the European Union. Its task is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. Thanks to its best possible rating on the capital markets (AAA), the EIB can borrow funds on favorable terms, which is reflected on the conditions of funding for SMEs
EIB Group facilitate SMEs access to finance
SMEs will be specifically and individually informed by Mobiasbanca regarding EIB involvement and impact of this involvement in the financial conditions of the received loan.
In a period where the SMEs face the challenge of the international economic crisis, Mobiasbanca act as an intermediary bank on behalf of EIB, offering advantageous financing solutions for any business need, thus dynamically contribute to the development of domestic SMEs.
Loan destined for investment | ||
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Eligible beneficiaries | Autonomous SMEs | |
Currency of disbursements | EUR/ USD | |
Term | Min. 2 years, max. 10 years** | |
Amount of EIB financing | Up to 100% of the loan, but maximum EUR 12. 500. 000 (or other currency equivalent). | |
Maximum Beneficiary’s Project amount | Pînă la 25.000.000 EUR |
**in line with the economic and technical duration of the project
Loan destined for working capital | |
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Eligible beneficiaries | enterprise with less than 500 employees |
Currency of disbursements | EUR/ USD |
Term | min. 2 years |
Eligible expenses may include | raw materials, labor, stocks, trade receivables, etc. |
Moldova’s Wine Sector Restructuring Program financed from funds made available by the European Investment Bank (EIB) – On-lending to small and medium-sized enterprises from wine sector and support industries, duly registered on the territory of Republic of Moldova according to the legislation currently in force.
♦ Objectives:
♦ Beneficiaries:
Legal entities, registered under any form of legal organization according to the legislation currently in force of the Republic of Moldova and representing the following groups:
♦ Amount:
♦ Maximum term: 10 years
♦ Grace period: 4 years
♦ Currency: EUR / USD / MDL
♦ Eligible activities:
♦ Ineligible activities:
♦ Financing from EIB’s resources: 50% of the total cost of the Sub-Project
♦ Beneficiary participation — 50% of the total cost of the Sub-Project will be financed by the beneficiary from:
♦ Other conditions:
Main advantages of the Program:
For further information on the financing (loan) in the amount of EUR 75 million received by the Republic of Moldova from the European Investment Bank for implementation of the Wine Sector Restructuring Program, please visit the official website of the EIB by clicking on the link: https://www.eib.org/projects/pipeline/2010/20100484.htm