Ia acum un credit cu o porțiune de grant

2020 was full of challenges for everyone, including those in the business sector, who faced major changes. In these difficult times, it’s important to get support for your business so you can move forward and not lose hope and optimism. To support businesses affected by the pandemic, Microinvest together with Soros Foundation Moldova launches a financing project for entrepreneurs.

Timely support is a business accelerator with many benefits: improved workflows, increased sales, development of the business new trends, as well as social benefits such as new jobs, economic development, higher living standards. Microinvest always welcomes entrepreneurs who need financial support to develop their businesses. And now, more than ever, it stands by the businesses that have suffered from the COVID-19 crisis, offering them the most favorable credit conditions, interest compensation for the first 6 months of the loan, and payment holiday for the body of the loan throughout this period.

Your business has a future! Take a credit now with a grant component

The aim of the project launched by Microinvest, with the support of the Soros Foundation Moldova, is to back up the investment of businesses affected by the pandemic, to help them overcome the crisis and the difficulties they faced due to COVID-19. The essence of the project consists in subsidizing the interest for the first 6 months of the loan, from the Soros Foundation Moldova resources and offering the payment holiday for the body of the loan by Microinvest. That means that in the first half of the year, your business won’t have to make any loan payments and you’ll be able to focus on your most important development goals.

The minimum loan amount with a grant component within the project makes MDL 100,000, and the maximum – MDL 1,0 mln. The offer is valid within the available budget. Loans with grant component are available to businesses in the Republic of Moldova with the following types of activity:

Wholesale and retail trade
Production
Transport services (goods and passengers)
HoReCa (Hotel, Restaurant, Catering)
Cosmetic and beauty industry

Loans with grant component can only be accessed by legal entities that meet all of Microinvest’s internal eligibility criteria. Thus, applying for a business credit at Microinvest, you benefit from the payment holiday for the first 6 months of the credit. And the actual payment will not start until the seventh month. Each entrepreneur will also get the highest quality of service, consultation from specialized loan officers, and individual business approach, to get the best solution.

“The COVID-19 pandemic has affected the lives of many people. Health workers play a central role in ensuring the health and preservation of the lives of those affected by the disease. At the same time, businesses have an equally important role in keeping economic activity alive, which for society means the availability of the necessary products and services, and for the thousands of employees means jobs and a source of existence. The pandemic, however, brought enormous economic losses, business closures and job losses. To combat these negative effects, we decided to support businesses and, with the help of Microinvest colleagues, to offer a helping hand to entrepreneurs in crucial sectors of the national economy,” said Petru Culeac, Executive Director of Soros Foundation – Moldova.

“We are glad to be able to help entrepreneurs who are experiencing hard times due to the COVID-19 crisis, and this financial support will help them overcome the challenges of this year more easily. We have always wanted to offer our customers the most favourable and flexible credit terms, especially those in the business sector, which make up a large part of our portfolio. Together with Soros Foundation Moldova we want to contribute to the development of business in Moldova, even during the pandemic. We believe that this financial support will bring many benefits to both the business and economic and social sectors,” said Dumitru Svinarenco, OCN Microinvest SRL Executive Director.

The project financed by the Soros Foundation Moldova comes to support the businesses affected by the pandemic, by offering loans with grant component, with subsidized interest for the first 6 months. More details about the conditions and eligibility criteria can be found HERE.

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Microinvest is a non-bank lending institution, with foreign capital, operating in the Republic of Moldova, since 2003. According to the National Financial Market Commission, Microinvest has the largest loan portfolio among non-banking lending institutions in the country. The company offers flexible financing for individuals and small businesses, on advantageous terms and at the right time.

Soros Foundation – Moldova is a non-governmental, non-political and non-profit organization founded in 1992 by George Soros, a philanthropist. The main purpose of the organization is to promote the values of an open society in Moldova by developing and implementing a range of projects in various fields and the implementation of grant programs and operational projects.

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Client's Name
Client's Surname
Personal Identity Number
Currency
Term
Rate
Amount
Monthly payment
Amount to receive
Purpose
Comments

1. Name and Contact Information of the Creditor
Creditor
Address
Phone number
Email Address
Web page

3. Costs of the credit
Rates related to the credit
Annual Percentage Rate of Charge (APR) This is the total cost expressed as an annual percentage of the total amount of credit. The APR is there to help you compare different offers	%
In order to obtain the loan in accordance with the agreed terms and conditions, it is mandatory to conclude an insurance contract to guarantee the loan or a contract for another ancillary service.
Related costs
Any other costs deriving from the credit agreement	Fee for services rendered in relation to usage of credit, calculated and paid as follows: of the credit and paid by the Debtor on the date of granting the credit from own sources or is deducted by the Creditor from the amount of the credit The negotiation / prolongation of the credit can take place by mutual agreement of the parties, by signing an additional agreement, the Creditor being entitled to request an increase in the interest rate within the limits provided by the legislation in force. In case of negotiation / prolongation of the loan, the Borrower shall pay to the Creditor, at the date of the negotiation / prolongation a commission in the amount of 2% from the credit balance at the time of negotiation / prolongation.
Conditions under which the costs related to the credit agreement can be changed	The Sides can change the costs related to the credit by written agreement signed by both parties; For the non-constitution of the guarantees within the agreed term, the Creditor is entitled to calculate, and the Client will pay to the Creditor an Interest of delay in the amount of 5% annually, applied to of the daily balance for each day of delay, starting with the date following the term established for the constitution of the guarantee/ s and until the date of the proper execution of the respective obligation.
Obligation to pay for notarial fees / mortgage registration fees / fees for noting the prohibition of pledge in the Transport Register related to the pledge of means of transport (agricultural machinery)	Paid by the Client , except as otherwise provided in the pledge / mortgage agreement.
The cost for the valuation of real estate proposed in pledge	Paid by the Client directly to the Evaluator
Costs in the case of late payments Missing payments could have severe consequences for you (e.g. forced sale) and make obtaining credit more difficult
The repayment of the loan is free of charge in the secondary offices of the Creditor, as well as at the discretion of the Debtor through the representatives authorized to collect loan payments. The list of which and their fees are published on the website of the Creditor (www.microinvest.md/cum-achiti-creditul/). In case the Debtor use payment methods with fee, the Debtor cover all the costs of repayment of the loan and undertake to make the payments in such a way that the Creditor receives the agreed repayment amount and without any deductions by third parties processing the refund payment.
In accordance with and arising from the provisions of art. 15, para. 7), lit. a) from Law no. 202/2013, any payments related to the granted credit (commissions, taxes, penalties, late interest and any other type of payment), except interest, will be applied and collected within the limit of the ceiling of 0.04% of the total value of the credit per credit day multiplied by the number of days of actual use of the credit (hereinafter 'Ceiling'). Therefore, the Lender will be entitled to apply and collect the costs, excluding interest, exactly in the fixed or percentage amount established in the contract if the said ceiling allows, and if the ceiling is lower than the value of at least one cost, excluding interest, then the Lender will be entitled to reduce the fixed/percentage amount and apply and collect any of the applicable costs only within the limit of the ceiling value. When calculating the ceiling, the costs already applied and collected will be taken into account, with the exception of interest, which reduces its value. (Representative example: if the amount of the penalty is 20 MDL per day, and the ceiling value at that time is 16 MDL, then a maximum of 16 MDL will be collected).

4. Other important legal aspects
Right of withdrawal You have the right to withdraw from the credit agreement within a period of 14 calendar days	Yes
Early repayment You have the right to repay the credit early at any time in full or partially	Yes
The creditor is entitled to compensation in the case of early repayment The Debtor may repay the loan in full or in part in advance, notifying the Creditor in writing 3 days in advance, and paying an early repayment fee of:	% from early repaid amount, if the period of time between the date of early repayment and convened maturity exceeds one year; % from early repaid amount.The early repayment can be made only if the Debtor has no outstanding debts on interest or other amounts to be paid in accordance with the Contract. % from early repaid amount, if the period of time between the date of early repayment and convened maturity does not exceed one year.
Database usage The creditor must inform you immediately and without charge of the result of a consultation of a database, if a credit application is rejected on the basis of such a consultation. This does not apply if the provision of such information is prohibited by law or is contrary to objectives of public policy or public security The parties may agree on additional terms and conditions, which will be included in the credit agreement.	Yes
Right to a draft credit agreement You have the right, upon request, to obtain a copy of the draft credit agreement free of charge. This provision does not apply if the creditor, at the time of the request, is unwilling to proceed to the conclusion of the credit agreement with you	Yes
The period of time during which the creditor is bound by the pre-contractual obligations	This offer is valid for 15 calendar days after it is issued.
In this regard, I subsequently declare that: I was provided with the necessary information, the essential characteristics of the above-mentioned credit product were explained (interest rate, number of commissions, credit costs, early repayment conditions, total amount to be paid), as well as the consequences of non-compliance with contractual clauses; the costs included in the total cost of the loan were explained to me, including the costs for ancillary services related to the credit agreement; I was offered the possibility to negotiate individually the contractual clauses in the credit agreement that I intend to sign, I negotiated individually the granting commission, the monthly commission, the amount of penalties and I mention that its clauses do not disadvantage me, being fair in the report mine with the creditor; I was asked by the creditor about the probable importance of the information provided and whether essential circumstances that I expected to be provided were not omitted in order to make an informed and rational decision about concluding the potential credit agreement. the information provided and the corresponding explanations allowed me to assess, including the personal analysis of other offers of third party creditors, whether the proposed credit agreement is tailored to my needs and financial situation; I know the content of the contract and all its conditions have been explained to me, I have understood and accepted them, and the documents and information underlying the conclusion of the contract are complete and accurate; I know the law, the normative acts that will govern the contract, as well as the lack of consumer quality; I have no ambiguities or misunderstandings regarding the terms of the contract; the credit product corresponds to the purpose described above and will be used according to the destination and the economic activity carried out. The assets procured/resulted/constructed/repaired from received loan sources will be registered/transmitted in the social capital of the company where my business activity is carried out and/or will be used jointly by the members or individually however strictly for running my business activity. (Signature)

Microinvest and Soros Foundation Moldova help businesses affected by the pandemic

Your business has a future! Take a credit now with a grant component

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