Have you ever wondered whether taking a loan to achieve your dreams is the right decision? Today, lending has become a natural part of our financial lives – both at home and in business. It helps people turn important plans into reality, from purchasing a car or developing a business to renovating a home or buying essential equipment for your home. It all comes down to doing it wisely and responsibly.
For 11 years, Microinvest has been a proud participant in the international campaign “Borrow Wisely”, organized by the Microfinance Centre. This global initiative reflects company strong commitment to responsible lending principles and our ongoing efforts to promote financial literacy in Moldova.
Through “Borrow Wisely 2025”, Microinvest shares practical knowledge on how to make informed financial decisions. We organize interactive presentations in colleges and universities, publish educational articles and video materials with clear, easy-to-understand advice – explaining how to borrow , assess your financial capacity, and choose the right solution. Our goal is simple: to help people feel confident when making important financial decisions that shape their future.
5 Steps to Borrowing Responsibly
A loan can be a powerful tool for reaching your goals – from growing a business to achieving personal plans. The key is to approach it thoughtfully and confidently. Here are five simple, important steps to help you make the right choice when taking a loan and feel in control at every stage.
- Know how much you can afford to borrow. Review your income and recurring expenses to understand what you can comfortably repay. This helps you avoid straining your budget and stay calm throughout repayment.
- Understand the total cost. Look at all components: interest rate, terms, fees, and any extra charges. Check the EAR (Effective Annual Interest Rate) to see the full picture and plan your finances accurately.
- Read the contract carefully. Go through the contract end-to-end and make sure everything is clear. A responsible lender will explain all terms and answer questions before you sign.
- Use the loan wisely. Stick to your plan: spend funds for their intended purpose and pay on time. This strengthens financial discipline and builds trust with your lender.
- Know your options and your rights. If something is unclear, reach out to the lender. A reliable partner is always open to dialogue and finding solutions.
We know that financial education is not just theory – it’s a skill that grows through practice, dialogue, and real-life experience. Microinvest is the only financial organization in Moldova that holds the international GOLD Client Protection Certification, recognizing our commitment to transparency, responsibility, and ethical financing.
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