The Moldovan farmers can file applications to get loans from the loan of €100 million provided to Moldova by Poland. The loans will not exceed €2 million per project and are repayable in 12 years, at an interest rate of 2%, IPN reports.
Director of the Agency for Payments and Intervention in Agriculture Petru Maleru told a news conference that the agricultural producers will benefit from loans in the form of equipment and infrastructure elements for projects in agriculture and agrifood industry, with repayment in installments.
Applications can be submitted to the Polish Loan Implementation Union located in Chisinau, at 162 Stefan cel Mare Blvd, of. 1210. The Unit’s executive director Igor Gorashov said the applicants must file a set of documents, including the business plan, which is mandatory. The part of the project that will be financed with money from the Polish loan must be explained very well. A procurement contract must also be signed with the Polish partners. The potential beneficiaries must present documents showing that the company they manage does not have debts and the company registration documents.
The persons who earlier took out loans from bank institutions can apply for loans from the Polish loan as well, on condition that they prove their technical and economic feasibility.
Poland offered Moldova an assistance loan of €100 million, 90% of which for agriculture. The agreement was signed in Warsaw on May 14 last year. The loan is repayable in 40 years in consecutive half-year installments, on March 15 and September 15, at an interest rate of 0.15%, in euros.
