Medium-term financing provided for the investment programs of entrepreneurs, private small and medium size companies from the rural sector.

1. Eligible beneficiaries for obtaining loans from the Program from DLC resources can be:

Private companies of any legal and organizational form (including Chisinau and Balti cities), selected by the Bank on its own risk, whose economic, technical, financial and commercial evaluation determined by the Bank complies with the following criteria:

• Are registered based on the legislation in force of the Republic of Moldova and are authorised to undertake entrepreneurial activity;
• Have appropriate accounting record keeping and submit standard financial statements timely;
• Shall participate in the financing of the proposed project with their own contribution expressed in money terms or material goods in amount of not less than 20% of the project’s total value;
• Comply with the normative acts and standards with regard to environment protection and principles of evaluation of the environmental impact.

2. Activities not eligible for financing are:

• Re-financing of debts;
• Payment of taxes and fees;
• Construction of residence houses;
• Land purchase or lease;
• Production of alcoholic beverages;
• Procurement of pesticides;
• Gamble, entertainment premises, restaurants, bars ; repair and leaving as deposit jewellery made of precious metals;
• Sub-projects the financing of which might have an increased impact on environment.

3. Terms and conditions for providing loans to Beneficiaries:

The beneficiaries of loans shall be credited by the Bank under the following terms and conditions:

• The maximal amount of a sub-loan shall be equal to the equivalent of 200,000 EUR in MDL for any eligible beneficiary;
• Sub-loans shall be issued for a period of up to 7 years with a grace period of up to 2 years, based on the period of recovery of the investment proposed for financing;
• Sub-loans shall be issued in Moldovan lei (MDL);
• The financing of circulating capital from the resources of the credit line in the framework of the approved sub-loans shall not exceed 30%