
In Moldova, after the launch of a new loan product “Working capital for farmers”, 32 farmers requested it between March 15 and April 26.
The Ministry of Agriculture and Food Industry reported this, noting that 30 requests from farmers were approved. “Working capital for farmers” is a new financial instrument with a state guarantee of up to 1.6 million lei, but not more than 80% of the loan amount, designed to support the urgent needs of the agricultural sector. The purpose of the loans covered by this instrument is to finance working capital, including the refinancing of loans provided for working capital financing. Interested farmers are advised to contact their commercial banks to access the product. The Working Capital Loan for Farmers is a long-term solution for strengthening the financial capacity of agricultural enterprises. The Ministry of Agriculture agreed on it with farmers, the Entrepreneurship Development Organization (ODA), representatives of commercial banks, the Ministry of Finance and the State Tax Inspectorate. //30.04.2024 – InfoMarket.