Rural Finance and Small Enterprise Development Project
Rural Finance and Small Enterprise Development Project
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
