Press releases

Chisinau, 8 April 2025 — Moldovan entrepreneurs will have faster and easier access to finance. The Organisation for the Development of Entrepreneurship (ODA), through the Credit Guarantee Fund (FGC), officially launches the Loan Portfolio Guarantee Facility, an innovative tool that speeds up the process of granting secured loans, removing the need for individual approvals for each file.

maybe it is the first commercial bank to apply this mechanism, with a ceiling of lei 400 million in secured loans. Now it can lend to SMEs without going through the standard guarantee analysis process by ODA, which means less red tape and time for entrepreneurs.

“With the new mechanism, the guarantee applies automatically for eligible loans in the bank’s portfolio. There is no need for individual approval of each file by ODA. This significantly reduces processing time and gives SMEs real and quick access to finance. Entrepreneurs can thus advance with their plans without bureaucratic delay," said Vadim Codreanu, Director ODA.

This mechanism is financially supported by the International Bank for Reconstruction and Development (IBRD), part of the World Bank Group. The first tranche of funding of 9.5 million euro is already active and a second tranche of EUR 4.3 million will be available in 2026. In total, it has the capacity to guarantee up to lei 2 billion in loans over the next two years.

“Fast-start access to capital is essential for the development of local businesses. With this mechanism, we remove bureaucratic hurdles and provide real solutions to entrepreneurs who need funding now, not more than months. It is a practical, result-oriented measure that supports the development of a healthy and dynamic economic environment,” said Doina NISTOR, Deputy Prime Minister, Minister of Economic Development and Digitalisation.

“This portfolio guarantee significantly simplifies the lending process, allowing for faster credit disbursement for small and medium-sized enterprises. We are proud to be the first bank in Moldova to implement this important mechanism. The team is continuously working to make finance more accessible and efficient for Moldovan entrepreneurs, and this partnership with the Credit Guarantee Fund, managed by ODA, allows us to do exactly this. Thank all parties involved for trust and collaboration, and we remain fully committed to supporting business development and contributing to the economic growth of the country," said Andorra Glevatskyi, Vice-President May, in charge of Business Banking.

The Loan Portfolio Guarantee Facility was developed by the Organisation for the Development of Entrepreneurship (ODA), in partnership with the World Bank and the national banking system, on the basis of the Loan Agreement signed in June 2022 between the Republic of Moldova and the International Bank for Reconstruction and Development (IBRD), part of the World Bank Group. The Agreement supports the implementation of the project for competitiveness of the HMMs, whereby ODA receives a total financing of EUR 13.8 million to capitalise the Credit Guarantee Fund.

The financing is provided in the form of repayable credit from the State budget and ODA is responsible for developing and operationalising the portfolio guarantee facility.

In 2024, the Credit Guarantee Fund issued almost 900 guarantees, facilitating loans worth more than lei 1.8 billion, which generated investments worth more than lei 2.4 billion in the economy. With the launch of the new mechanism, the impact of these guarantees is expected to increase exponentially due to the much faster and simplified process.

For details on ODA programmes and the Credit Guarantee Facility:
Tel: 022 22 57 99
Ρ www.oda.md