Eight enterprises benefit from loans worth over 11 million lei within 373 governmental programme in Moldova

Chisinau, 26 July /MOLDPRES/ - Eight enterprises have got long-term loans within the 373 governmental programme on backing entrepreneurs, in order to invest in the business development. The overall value of the loans is of 11.4 million lei – which can be used by small- and medium-sized enterprises (SMEs) to innovate, modernize the infrastructure and diversify their products and services, the government’s communication and protocol department has reported.   

Through the 373 governmental programme, the government provides support for the development and diversification of the economy in various regions of Moldova. So far, beneficiaries of the easy terms loans have been enterprises from Chisinau, Autonomous Territorial Unit of Gagauzia, the districts of Taraclia and Ialoveni, which manage active companies in the agriculture, processing industry, transport, accommodation and public nourishment activities, as well as in the health and social assistance sectors. Thus, support is provided both to entrepreneurs from the rural environment and those from urban areas, contributing to the development of the economy and to the stimulation of growth in all key sectors.      

The interest rate on the loans in foreign currency is of 3 per cent annually and in Moldovan lei – 7 per cent annually. The investment loans can be borrowed by SMEs for a repayment period of 7 years, with a grace period of up to 3 years. The backing of small and medium-sized entrepreneurs is one of those 20 priority actions of the government, announced by Prime Minister Dorin Recean.  

The 373 programme also provides for the guaranteeing, by up to 40 per cent, as case may be, of the value of the preferential loans, through the Credit Guarantee Fund of the portfolio of the Organization for Entrepreneurship Development (ODA).      

Photo: Government