Microinvest, the leader in non-banking lending in the Republic of Moldova, signed two new financing agreements with the European Fund for Southeast Europe (EFSE) and the Green for Growth Fund (GGF) in the total amount of EUR 20 million, reinforcing long-term international partnerships aimed at expanding access to finance for small and medium-sized enterprises and supporting sustainable economic development in the Republic of Moldova.
The agreements were signed during the EU-Moldova Investment Conference, one of the most important investment-focused events dedicated to Moldova’s economic development organized jointly by the Government of the Republic of Moldova and the European Commission. The conference brought together European institutions, international financial organizations, investors, and business leaders to explore investment opportunities supported through the EU Growth Plan for Moldova.
The new financing agreements further strengthen Microinvest’s capacity to support local entrepreneurs, agricultural producers, and regional businesses through accessible and responsible financing solutions. The partnerships also contribute to Moldova’s broader efforts to stimulate private sector development, strengthen economic resilience, and accelerate sustainable transformation aligned with European standards.
With a strong nationwide presence and extensive experience in financing SMEs and agricultural producers, Microinvest continues to play an important role in channeling international funding toward sectors with high development potential. The new facilities will support investments focused on business growth, modernization, productivity, sustainability and long-term resilience.
“The European Union is working together with financial partners to expand access to finance for Moldovan businesses, support sustainable investments, and strengthen the country’s economic resilience. These new agreements between EFSE/GGF and Microinvest, supported by the EU, will help entrepreneurs, farmers and regional businesses invest, grow and create jobs, while advancing Moldova’s green and economic transformation in line with EU standards and accession criteria.” – Iwona Piórko, the Ambassador of the European Union to the Republic of Moldova
“Through our continued partnerships with Microinvest, we are strengthening access to finance for local entrepreneurs, and agricultural businesses across Moldova. The two new financing facilities – amounting to EUR 20 million, including EUR 10 million in Moldovan Lei – will power the development of sustainable agriculture, expand SME financing, and scale green investments that contribute to long-term economic resilience and support the country’s climate transition. These agreements are a testament to the strength of our long-standing partnership and our shared ambition: to empower Moldova’s businesses foster sustainable growth, and help build a more resilient and future-ready economy.” – Oxana Binzaru, Regional Director at Finance in Motion, co-manager of EFSE
“Today’s signing marks another important step in strengthening Microinvest’s long-term cooperation with international financial partners committed to supporting Moldova’s economy. Access to long-term funding remains essential for reinforcing the resilience and competitiveness of local businesses. It is also a great honor for us to sign these agreements during the EU-Moldova Investment Conference – an important platform that reflects Moldova’s growing investment potential and European development path. We highly appreciate the trust and continued confidence of our European partners and investors in Microinvest and in the long-term potential of Moldova’s economy.” – Dumitru Svinarenco, CEO of Microinvest
About EFSE
The European Fund for Southeast Europe (EFSE) is an impact investment fund to drive economic development and prosperity in Southeast Europe and the Caucasus. Through its two sub-funds – the Regional Sub-Fund (RSF) and the Ukraine Sub-Fund (USF) – EFSE provides tailored financial solutions to foster entrepreneurship, strengthen financial inclusion, and support local economies.
EFSE was initiated in 2005 by KfW Development Bank with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. As the first public-private partnership of its kind, EFSE draws its capital from donor agencies, international financial institutions, and private institutional investors.
Finance in Motion GmbH, Germany, serves as EFSE’s Portfolio Manager and Hauck & Aufhäuser Fund Services S.A., Luxembourg, acts as manager.
For more information on the European Fund for Southeast Europe, please visit: www.efse.lu
About GGF
The Green for Growth Fund promotes energy efficiency and renewable energy in Southeast Europe, the Caucasus, the Middle East, and North Africa. By providing refinancing to local financial institutions, GGF helps businesses and households access sustainable energy solutions, fostering energy efficiency and reducing carbon emissions.
GGF was initiated as a public-private partnership by the European Investment Bank and Germany’s KfW Development Bank, with financial support from the European Union, BMZ, and other international investors. Finance in Motion GmbH, Germany, serves as GGF’s advisor. For more information, please visit: www.ggf.lu
About Finance in Motion
Finance in Motion structures, manages, and advises almost €4 billion across 10 funds, all classified as SFDR Article 9. These private market funds drive impact for people and planet through regional financial intermediaries, direct investments, advisory and capacity building.
Founded in Germany, with local expertise from Latin America to Eastern Europe, it has been investing in emerging markets for over 20 years.
For more information, please visit: www.finance-in-motion-com
About Microinvest
Microinvest is the leader of the non-banking financial market in the Republic of Moldova, with a loan portfolio of more than MDL 8 billion. Approximately 58% of its portfolio is dedicated to business clients, of which 36% is allocated to the agricultural sector. With 23 years of experience, the company serves more than 50.000 active clients – local entrepreneurs and individuals – through a team of 410 professionals and 17 offices across the country.
Microinvest is the only financial organization in Moldova that holds the international GOLD certification in client protection, confirming its dedication to transparency and responsible finance. The institution is also expanding its fintech positioning by deploying digital lending services. More than 23% of its active client base now uses digital channels.
Since October 2025, Microinvest has been part of the Banca Transilvania Financial Group. The sole associate of Microinvest is Victoriabank, one of the leading banks in the Republic of Moldova.
