Microinvest supports women entrepreneurs from Moldova in developing successful businesses at home

Did you know that more and more women are managing successful businesses in Moldova? Every year, the gender gap is practically disappearing in all fields of activity, and women are increasingly demonstrating their role in the economic and social development of our country. At Microinvest, we do not differentiate between male and female entrepreneurs. We support businesses across the country by offering favorable financial solutions when they need it, and together we enjoy great results.

As part of the international campaign organized by Microfinance Centre, “Borrow Wisely 2023”, one of the themes of this year is the integration of women in entrepreneurial activity. What are the challenges faced by women entrepreneurs in Moldova and how important it is to have a reliable partner for the development and growth of their business, learn from our clients’ feedback.

More than 2,300 women entrepreneurs from Moldova have expanded their businesses with Microinvest’s support

According to the Missing Entrepreneurs 2021 study, more than 9 million people in the EU and 35 million in OECD countries could start a business if given equal opportunity, of which nearly 7 million in the EU and about 26 million in the OECD are women. As part of the “Borrow Wisely 2023” campaign, MFC partners, including Microinvest, have set a goal to organize more outreach events on an international level, promoting the business development stories of women entrepreneurs and demonstrating the transformative impact of financial inclusion.

Natalia, Victoria, Valentina, Ekaterina and Valeria are just a part of Microinvest clients who realized their business ideas with our help and received appropriate financial solutions, consultations and support. Read on to find out how they describe their cooperation with Microinvest and how important it is to get financial support at the right moment to develop their business.

In 2002, Natalia Nerobelov together with her husband managed to start a company in Balti, specializing in the design and production of custom-made furniture. Microinvest helped them in developing the business, and today DBM creates unique furniture projects all over the country.

“We came to a point where we realized that our business wasn’t doing so well anymore and we needed to take a major step in growth. Making large investments with your own money is not easy, and financial support at the right time is important for success. With Microinvest we managed to create a stable and productive cooperation. They explained everything down to the smallest detail without leaving any hidden conditions, and we continue to work as efficiently to this day.”

Victoria Gulpe, Microinvest client and founder of Granoleya, which specializes in the production of granola of various varieties, has also been successful in launching and growing her own business.

“We studied the market in very detailed way before starting our small business. The most important thing is to have partners who believe in your idea and are willing to support you in its development. In the development of our idea, we received financial support from Microinvest, with the help of which we were able to purchase all the necessary equipment and increase our production space.”

Valentina Moscul and her husband turned to Microinvest for quick and transparent financial support. The farmers made an important investment in the development of their business by building two modern greenhouses using new technology, where they will be able to grow seedlings all year round.

“Microinvest believed in our idea. They came to us, analyzed it and within 2 days we received the money. Fast, professional, without any worries. Of course, we were scared at the first loan. I still remember now that we collected the money 2 months in advance so that we could pay it back as soon as possible. Then I realized that the most important thing is to invest it correctly and go to a good lender.”

Microinvest client Ecaterina Filimon turned her passion for a healthy lifestyle into a beautiful and “healthy” business by opening a Wov Market store specializing in the sale of exotic vegetables, fruits and other organic food products.

“We are lucky to have trusted partners like Microinvest by our side, who have supported us since we started the business. Thanks to their financial support, we were able to complete renovations on time and install modern refrigerators and display cases in our store for efficient product storage and ergonomic design.”

Brain Cafe is another business supported by Microinvest, which was founded by a young entrepreneur Valeria Bacos. After a trip to Italy, she was inspired by the diverse assortment of dried fruits and nuts sold in local stores. That’s how she got the idea to start her own business at home.

“Microinvest was our partner from the beginning and supported us every step of the way. The credit expert and the whole team saw the potential in us and helped us exactly when we needed it – in investing in goods, equipment, service vehicle and other elements important for the success of the business. We are very grateful and will definitely turn to them for further investment.”

Entrepreneurship has no gender, age or nationality. Anyone can start a business if they have a clear idea, a solid concept and an investment plan. If you are an entrepreneur, Microinvest can become your partner in development by providing reliable and favorable credit solutions for business development. Together we will contribute to the economic and social development of our country, without discrimination, responsibly and transparently.

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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)