Macroeconomy

272 entrepreneurs received financial assistance worth 166.8 million lei under the Youth Lending program.

272 entrepreneurs received financial assistance worth 166.8 million lei under the Youth Lending program.

15.01.2021

According to the Ministry of Finance, the program was launched in 2019 and extended towards all regions of Moldova. It is implemented through branches of 8 financial institutions (commercial banks), which assume all risks associated with on-lending operations. Refinancing rates are constantly decreasing for both participating banks and final beneficiaries for the duration of the loans. It is noted that recently for the final recipients of sub-loans under the Program, rates were set at 4.35% per annum, which is 4 pp. more profitable compared to the average rates on commercial loans in the banking ...
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