Success Stories
Success History – FGC – Leea Toys
“TO FULLY COVER THE PLEDGE, OUR ASSETS WERE NOT SUFFICIENT, SO WE DECIDED TO HAVE A FINANCIAL GUARANTEE. It is very good when the State comes to aid with such instruments, "said Ina Butnaru, financial director of Leea Toys in the village of Ciorescu, in the municipality of Chișinău.
In order to expand its business and increase its production volume, at the request of international customers, the Director decided to access a loan. As the pledge did not cover the required amount, the company received a financial guarantee of RON 4.2 million, accessed through the FGC – Credit Guarantee Fund of the Entrepreneurship Development Organisation.
The total value of the investment project amounted to RON 5.2 million. Following investments in high-performance machinery, the company will expand and modernise its business, achieving a new level of development.
WHEN DO YOU TAKE THE NEXT STEP?
Apply ODA to partner banks now for a guaranteed loan!
THE LOAN PORTFOLIO GUARANTEE FACILITY IS CARRIED OUT BY ODA, IN PARTNERSHIP WITH THE WORLD BANK GROUP, IN THE FRAMEWORK OF THE SME COMPETITIVENESS PROJECT.