Loan Facilities from FinComBank for Young Entrepreneurs Up to 1.500.000 MDL

Loan Facilities from FinComBank for Young Entrepreneurs Up to 1.500.000 MDL

• 22.03.2019

FinComBank S.A. has launched a new campaign, called #FinComBusiness - the partner of your success, in order to support young entrepreneurs. The credit will be offered through special programs as IFAD (FIDA) I, IV, V Refinancing, RISP II Refinancing and PAC II Refinancing. If you are between 18 and 35 years old and hold 75% of the company's capital (during the first two years of financing), you can benefit from special conditions.

The program that supports young entrepreneurs offers several advantages:

-the maximum amount of financial support is up to 1.500.000 MDL;
-no matter what program you chose, the interest rate is 3% lower than the current rate of the that program;
-the grace period is up to 12 months;
-the issuing fee is only 0.5% of the approved loan amount.

The special projects are offered to young entrepreneurs who carry out their activities throughout the Republic of Moldova, except for the cities Chisinau and Balti – the IFAD (FIDA) IV and the IFAD (FIDA) V Refinancing programs.

You can get the loan according to the conditions specified in the special projects, which are offered especially for:

- the purchasing of the new and second-hand equipment and goods, for the production and service activities in all sectors of the national economy (IFAD I Refinancing, RISP II Refinancing).
- also, it is intended to be used for all activities in the agriculture fields, such as activities related to the development of the agriculture value chain (IFAD V Refinancing) - including the production, harvesting, preservation of fruits, vegetables and other plants, the cultivating, purchasing of animals and the development of farm tourism.
- financial resources can also be accessed for the development of horticulture (IFAD IV Refinancing) – everything related to the establishment and maintenance of vineyards and orchards, the construction / restoration of greenhouses, refrigerators, the processing and packaging of horticultural products.

Also, the PAC II Refinancing project can be used for the investments and working capital related to direct or indirect export activities in the field of agriculture, production or providing of services in all sectors of the national economy.

#FinComBusiness - the partner of your success!

Please contact us for more information:
Tel. (+ 373-22) 26-99-99
Email: fincom@fincombank.com
Website: www.fincombank.cоm

FinComBank

FinComBank was established in July 1993 as a joint-stock company. Today it is a well-positioned, highly profitable mid-sized bank with a very professional and dedicated management team. FinComBank provides a wide range of corporate and investment banking services to Moldovan and foreign clients. The Bank’s customers include individuals, micro, small and medium enterprises, representing all the main sectors of the Moldovan economy. However, FinComBank considers being a priority servicing micro- and small business as well as private individual entrepreneurs. 90% of new credits are issued to SMEs. FinComBank’s 17 branches and 67 agencies are located all over the Republic. At present, the Bank has 139 shareholders, 575 employees, and over 110 thousand clients. In August 2007 widely well-known venture Western NIS Enterprises Fund (WNISEF) became one of the major shareholders of FinComBank after purchase of 25 percent of the bank’s shares. Since 1995 the Bank has had its annual financial audits conducted according to international standards initially by Coopers & Lybrand/PriceWaterhouseCoopers), then by Ernst & Young. As a result it has maintained its financial strength by complying with all international standards concerning liquidity margins and capital adequacy required under the Basle Accords. The Bank is one of the founders of the Banking Association of Moldova and the Moldovan Stock Exchange and a member of the American Chamber of Commerce in Moldova (AmCham).