Of these, 49 enterprises were financed in October, noted the information prepared by the Ministry of Finance. Most of the financed projects were aimed at purchasing equipment for conservation agriculture and post-harvest processing of agricultural products.
Through the Agricultural Credit Program, entrepreneurs can obtain loans in Moldovan lei with a fixed annual rate of 5.1% and repayment terms of up to 5 years. In addition, FCA offers farmers access to grants of up to 30% of the financing amount. There is also the possibility of obtaining financial guarantees through the ODA fund.
The soft loan program for micro and small farms is effective from March 1, 2025 and is for a period of 5 years. Farmers can use it, among other things, to replenish working capital.
So far, the total amount of financing approved within the program has reached 201.78 million lei, of which 44.24 million lei were approved in October. Of this amount, 23.66 million lei represent non-refundable grants, including 3.07 million lei allocated in the same month.
The funds available for continued financing under the FCA amount to MDL 166.89 million for the loan component and MDL 31.86 million for the grant component.
The program is implemented by the Government of Moldova in partnership with the Ministry of Agriculture and Food Industry, the Ministry of Finance and the Unit for the Management of External Assistance Programs (OGPAE) through participating financial institutions.
