February 12, 2019
Good news for young entrepreneurs carrying out agricultural business in rural areas, but also in other eligible activities throughout the country.
Facilitating access to funding for young entrepreneurs under special conditions through commercial loans contracted in MDL is possible thanks to the funds obtained from foreign loans granted by the World Bank and International Fund for Agricultural Development.
In order to encourage young entrepreneurs to develop their business, the Ministry of Finance, through local commercial banks, will provide funds for refinancing, from state foreign loans resources for development, applying special credit conditions.
Mobiasbanca is the project partner and supports the initiative to mitigate the constraints on the limited access of young entrepreneurs to financial resources, by offering reduced interest rates on loans.
To learn more about promotional credit facility for young people and the eligibility requirements for potential beneficiaries, click here: https://mobiasbanca.md/en/loans-from-international-resources.
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