The first beneficiary of FACEM Impact was an entrepreneur from Chisinau with 12 employees, engaged in wholesale of equipment and components for heating and water supply systems.
The financial support was received from Victoriabank, a partner bank, and will be used to expand the business by acquiring a real estate property necessary for the current water pumping/chlorination station business and for inventory storage.
The amount of the provided financing is 5 million lei, and the total value of the investment project is 17 million lei. The entrepreneur concluded a loan agreement with the bank for 10 years. In order to facilitate access to financing, the entrepreneur also received a financial guarantee in the amount of 1.744 million lei, provided through the Credit Guarantee Fund, administered by ODA, a mechanism that allows partially assuming the credit risk.
FACEM Impact financing is also available to SMEs through four other partner banks: Energbank, OTP Bank, MAIB and Moldindconbank.
Entrepreneurs using the FACEM Impact financial product can receive up to 5 million lei with a fixed interest rate of 4% for a maturity of up to 10 years, agreed with the partner bank.
In addition, businessmen can negotiate a grace period for investment loan repayment and benefit from VAT exemption with the right to deduct goods and services paid from the loan account.
