What is the ODA Credit Guarantee Fund (CGF)?

CGF ODA is an entrepreneurial support instrument, created and managed by the Entrepreneurship Development Organisation, whose mission is to issue financial guarantees guaranteeing loans requested by Small and Medium Enterprises from partner financial institutions (commercial banks).

What is an ODA Financial Guarantee?

FINANCIAL GUARANTEE is a written commitment to a partner commercial bank by the ODA to provide sufficient collateral for loans to Small and Medium Enterprises under the Guarantee Products managed.

Who can benefit from financial guarantees?

Any micro, small or medium-sized enterprise that meets the criteria set out in Articles 4 and 5 of Law no.179 of 21.07.2016 on small and medium-sized enterprises can benefit from financial guarantees.

Small and medium-sized enterprises are defined as enterprises that cumulatively meet the following conditions:

  • they have an average annual number of employees (average number of staff in the management period) of up to 250;
  • have an annual turnover (sales revenue) of up to 100 million lei or total assets (fixed and current assets) of up to 100 million lei, according to the last approved financial statement.

Procedure for requesting
the financial guarantee

In order to benefit from a loan on preferential terms, you must apply to one of the partner banks with which ODA has signed collaboration agreements and request a guaranteed loan.

The examination of the credit application is carried out by each lender in accordance with internal banking procedures and regulations.

Once the Lender has accepted the project for financing, if the company has the capacity to repay the loan but does not have sufficient collateral to secure the loan and meets the criteria for requesting a financial guarantee, the Lender will send to ODA a single guarantee application, signed by the Lender and the Borrower (ÎMM), and ODA will examine the possibility of issuing a financial guarantee within a maximum of 5 days.

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What does a Guarantee Product involve?

The GUARANTEE PRODUCT is an offer with specific guarantee conditions for each type of enterprise or target group of entrepreneurs, allowing financial guarantees to be granted for loans requested by MSEs from commercial banks.

The current products managed by the Credit Guarantee Fund can cover from 50% to 80% of the amount of the contracted loan and the maximum amount of the financial guarantee varies from 500 thousand lei to 7 million lei, depending on the Guarantee Product requested.

Select a guarantee product

Maximum amount of guarantee issued: 500 000 MDL;,

Maximum guarantee rate: 80% of the amount of the loan requested;

Maximum guarantee term:

  • 36 months for loans to supplement working capital;
  • For investment loans, the guarantee period may cover the entire duration of the credit agreement.

Duration of the company's activity: Maximum 12 months;

Specific requirements: The company must comply with the following cumulative conditions: it carries out economic activity for the first time through a limited liability company; it falls into the category of micro enterprises (no more than 9 employees, annual turnover up to 9 million lei or total assets up to 9 million lei), and the administrators and founders are natural persons who, at the time of registration of the company, are aged between 18-35 years and the number of associates does not exceed 5 persons.

For more details on the guarantee conditions specific to this Product please visit the link.

Partner banks

BC „FINCOMBANK” SA

BC „FINCOMBANK” SA

Tel.: +373 22 269 900
fincom@fincombank.md
https://www.fincombank.com
str. Pușkin A, 26
MD-2012, mun. Chișinău

BC „ENERGBANK” SA

BC „ENERGBANK” SA

Tel.: +373 54 4377
office@energbank.com
https://www.energbank.com
str. Tighina, 23/3
MD-2001, mun. Chișinău

BC „MAIB” SA

BC „MAIB” SA

Tel.: +373 22 222 770; +373 22 244 649
aib@maib.md
https://www.maib.md
str. Constantin Tănase, 9
MD-2006, mun. Chișinău

BC „VICTORIABANK” SA

BC „VICTORIABANK” SA

Tel.: +373 22 576 100
office@victoriabank.md
https://www.victoriabank.md
str. 31 August 1989, 141
MD-2004, mun. Chișinău

BC „MOLDINDCONBANK” SA

BC „MOLDINDCONBANK” SA

Tel.: +373 22 576 782
info@moldindconbank.com
https://www.micb.md
str. Armenească, 38
MD-2012, mun. Chișinău

BC „COMERȚBANK” SA

BC „COMERȚBANK” SA

Tel.: +373 22 839 839
secretary@comertbank.md
https://www.comertbank.md
str. Independenței, 1/1
MD-2043, mun. Chișinău

BC „Eurocreditbank” SA

BC „Eurocreditbank” SA

Tel.: +373 22 500 101 
info@ecb.md 
https://www.ecb.md
str. Ismail 33 
MD-2001, mun. Chișinău

BC „Eximbank” SA

BC „Eximbank” SA

Tel.: +373 22 301 102
info@eximbank.md
https://www.eximbank.md
bd. Ștefan cel Mare și Sfânt 171/1
MD-2004, mun. Chișinău

OTP Bank SA

OTP Bank SA

Tel.: +373 22 25 64 56
info@otpbank.md
https://www.mobiasbanca.md
bd. Ștefan cel Mare și Sfânt 81a
MD-2012, mun. Chișinău

Banca Comercială Română Chișinău S.A.

Banca Comercială Română Chișinău S.A.

Tel.: +373 22 26 55 55
info@bcr.md
https://www.bcr.md
str. A. Pușkin 60/2
MD-2005, mun. Chișinău

BC „ProCredit Bank” SA

BC „ProCredit Bank” SA

Tel.: +373 22 27 07 07
mda.office@procredit-group.com
https://www.procreditbank.md
bd. Ştefan сel Mare şi Sfânt, 65, of. 901
MD-2001, mun. Chișinău