Maib makes the SME Guarantee product, IMM GARANT, available to SMEs through ODA’s individual guarantee mechanism
In partnership with the Organization for Entrepreneurship Development (ODA), maib is making the IMM GARANT product available to micro, small, and medium-sized enterprises in the Republic of Moldova, thus supporting their access to financing for investments, growth, and current business activities.
Through IMM GARANT, maib facilitates SMEs’ access to credit by offering an efficient mechanism through which ODA guarantees, for a fee, the loan requested by entrepreneurs. The guarantee mechanism developed by ODA complements the collateral required by banks, reducing credit risks and helping improve financing conditions for SMEs.
“Through this partnership, we aim to support SMEs in the Republic of Moldova in obtaining the financing they need to grow and develop. The IMM GARANT product, offered through maib, represents an efficient solution that reduces barriers to lending without placing additional risk on entrepreneurs,” said Vlada Roman, Product Manager at maib.
Key benefits of the IMM GARANT product
- - tailored financial guarantees – SMEs can request financial guarantees ranging from MDL 100,000 to MDL 20,000,000, depending on the type of loan requested and the specifics of the business;
- - additional support from ODA – if the SME cannot provide sufficient collateral, ODA provides an additional guarantee, for a fee, thus facilitating access to financing;
- - flexible guarantee rates – guarantee coverage can reach up to 80%, depending on the type of SME, the business sector, and the purpose of the loan;
- - affordable fee – financial guarantees are subject to an annual 1% fee, applied to the outstanding balance of the guaranteed loan.
What IMM GARANT can be used for
The product supports a wide range of projects. Loans intended to finance the following types of SME expenses are eligible for guarantees:
- - purchase of equipment, modern technologies, and machinery;
- - investments in company infrastructure (construction, repairs, extensions);
- - digitalization and IT solutions;
- - production expansion for export;
- - energy efficiency and sustainability projects;
- - refinancing of existing loans, accompanied by new eligible financing.
For financing current business activities:
- - purchase of products, goods, and raw materials;
- - coverage of expenses related to salaries, duties and taxes, and auxiliary services;
- - promotion, marketing, and internationalization expenses (including participation in fairs and exhibitions);
- - ensuring resources for production and delivery (packaging, logistics, etc.).
Additional support for high value-added investments
Under the IMM GARANT product, investments in areas with added value for the economy may benefit from increased guarantee rates of up to 80%, such as:
- - increasing export capacities;
- - investments in renewable energy sources and energy storage solutions;
- - energy efficiency;
- - digitalization of internal processes and the business model;
- - modernization of industrial and agri-food processes;
- - investments made in villages and communes;
- - circular economy and waste management;
- - research, development, and innovation;
- - sustainable tourism and agri-tourism;
- - education and vocational training projects.
Accessibility and transparency
SMEs that meet the eligibility requirements can apply for IMM GARANT at any maib branch or online by completing the loan application. Both maib and ODA provide personalized support to ensure a full understanding of the application process and to help each entrepreneur navigate the financial regulations.
For 35 years, maib has been a trusted financial partner for both small and large businesses, supporting their growth and contributing to the development of the economy.
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