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Rural Finance and Small Enterprise Development Project
The first IFAD-funded project in Moldova had the objective of investing in activities that could generate sustainable increases in the incomes of poor farmers. The IFAD loan financed:
- support for savings and credit associations to enable them to provide access to lending and savings for people without access to the services of formal financial institutions
- loans through revolving credit funds for small and medium-sized enterprises to allow them to expand their businesses and modernize their equipment
The project’s innovative features included:
- developing a synergy among funding sources
- supporting a deposit insurance scheme
- performing a brokerage role at local level
- contracting for specialized technical services for village-based organizations
Source: IFAD
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| Contact information |
Mr Abdelkarim Sma
Country programme manager
IFAD
Via Paolo Di Dono, 44
00142 Rome, Italy
Tel: +39 0654592500
Fax: +39 065459300
a.sma@ifad.org |
| Facts and figures |
Total cost: US$15.0 million
IFAD loan: US$8.0 million
Duration: 2000-2005
Geographical area: nationwide
Directly benefiting: 41,500 households
Status: closed
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| Partners |
Government of the Republic of Moldova |
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