Financing tailored to the agricultural cycle and agribusiness development

The “Agro Partener” Loan is designed for producers and service providers in the agricultural sector who carry out seasonal activities and require flexible financing adapted to the specific nature of agriculture.

Eligible purposes of financing

The “Agro Partener” Loan may be used for:

• working capital financing;
• acquisition of fixed assets (production-purpose real estate, technical re-equipment, reconstruction and modernization, development of new technologies and products);
• other purposes declared by the borrower and approved by the Bank;
• refinancing of loans contracted with other commercial banks (with no overdue payments and with an eligible original purpose).

Eligible borrowers and requirements

The loan is available to economic agents (sole proprietors, peasant farms, limited liability companies, joint-stock companies, production cooperatives, entrepreneurs) that:

• are residents of the Republic of Moldova;
• operate in the agricultural sector (production, processing, marketing of agricultural products or provision of agricultural services);
• own or lease agricultural land, or own agricultural machinery and equipment;
• have at least two agricultural cycles of experience;
• do not have a negative credit history.

Mandatory conditions:

• total loan payments for the remaining period of the current year shall not exceed 40% of average annual sales (previous year + latest quarters);
• account turnovers through ECB shall represent at least 80% of total turnovers;
• no dependency on a single client (maximum 50% of total sales).

Loan amount and terms

• Minimum amount: MDL 100,000;
• Maximum amount:
  • up to MDL 1,000,000 – for economic agents with annual sales exceeding MDL 10 million;
  • up to MDL 750,000 – for economic agents with annual sales of up to MDL 10 million.
• Loan currency: MDL.

Loan term

• up to 24 months, inclusive.

Disbursement and repayment

• the loan may be disbursed in full or in tranches, within the approved limit;
• loan repayment may be monthly or seasonal, depending on the specifics of agricultural activity;
• repayments may be made in equal or differential installments;
• interest and fees are payable monthly or seasonally;
• the repayment schedule is set individually, by mutual agreement with the client, taking into account business seasonality and projected cash flows.