Smart Credit, a microfinance institution (MFI) operating 12 branch locations in Moldova, recently accepted a local-currency loan approximately equivalent to USD 525,000 from the Luxembourg-based Grameen Crédit Agricole (GCA) Foundation. Founded in 2010, Smart Credit offers
Tag: Moldova
MICROCAPITAL BRIEF: Grameen Crédit Agricole Lends $1.2m to Microfinance Institution Microinvest of Moldova
The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg,
has recently announced it has provided a loan of EUR 1.2 million (USD 1.2 million) to Microinvest, a Moldova-based microfinance institution. Established in 2003 and majority-held by the Balkan Financial Sector Equity Fund, Microinvest offers
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $4.6m to Agency for Finance in Kosovo (AFK), Microinvest of Moldova, Monte Credit of Montenegro
The 
Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.5 million (USD 1.8 million); (2) Moldova-based Microinvest in local currency approximately
MICROCAPITAL BRIEF: EFSE Lending $2.4m to BT Leasing MD to Support MSEs in Moldova During Coronavirus Pandemic
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle domiciled in Luxembourg, recently agreed to loan EUR 2 million (USD 2.4 million) to Banca Transilvania (BT) Leasing MD, a Moldovan entity controlled by Romania’s BT, to finance micro- and small enterprises (MSEs) that need
MICROCAPITAL BRIEF: Societe Generale’s MobiasBanca, European Fund for Southeast Europe (EFSE) Partner on “My First Card” Financial Education in Moldova
MobiasBanca, the Moldovan subsidiary of France-based Groupe Societe Generale, has been funded by the development facility of the Luxembourg-domiciled European Fund for Southeast Europe (EFSE) to support financial education for youth in Moldova. Through the “My First Card” campaign, youth have been trained to