Financed ProjectsMicroinvest

Identification Code:

OP/24/0006

Total Operation Cost:

10.000.000

Maturity:

48 months

Operation Status:

Description and Purpose of the Operation:

Microinvest

Countries of Operation:

Moldova (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Combined MSME and Green Credit Line Microinvest SRL, Moldova

Co-Financiers/Participants:

N/A

Guarantors/Sponsors:

N/A

Developmental and Regional Cooperation Impact:

It is reasonable to expect that the facility will have a modest but positive impact on regional cooperation. There would be zero cooperation value if funds from the facility are used exclusively by SMEs operating in the domestic market or if they export exclusively outside the BSEC region. However, this is highly unlikely because certain other BSEC countries are important export destinations for Moldova. It is a fair assumption that at least some of the loan proceeds will contribute to greater intra-regional trade.

Environmental Classification and Impact (summary):

Overall, pilot testing the BSTDB Green Credit Line along the MSME credit line on Microinvest is expected to contribute to implementing the Climate Change Strategy of BSTDB and better aligning its financing to the shareholders’ own climate priorities. In this respect partnering with Fis is viewed as an opportunity to expand BSTDB’s climate change financing to a wider pool of sub-borrowers, such as SMEs and microfinancing companies, thus contributing more effectively towards decarbonizing the economies of its shareholders.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org