Microinvest, the market leader in microfinance in the Republic of Moldova and part of the Banca Transilvania Financial Group, is expanding its funding capacity by signing two new agreements with the European Fund for Southeast Europe (EFSE) and the Green for Growth Fund (GGF), with a total value of EUR 20 million.

Signed at the EU-Moldova Investment Conference, an event hosted in Chișinău by the Government of the Republic of Moldova and the European Commission, the agreements reaffirm Microinvest’s role as a partner to local entrepreneurs and agricultural producers. The new credit lines will support the Republic of Moldova’s efforts to develop the private sector, strengthen economic resilience and accelerate the sustainable transition, in line with European standards.

With a strong nationwide presence and extensive experience in SME and agricultural finance, Microinvest continues to channel international capital to areas with  high growth potential. The funding will support investments aimed at modernization, higher productivity, digitalization, energy efficiency and sustainable development.

Today’s signing marks another important step in strengthening the long-term cooperation between Microinvest and international financing partners committed to supporting the Republic of Moldova’s economy. Access to long-term financing remains essential to boosting the resilience and competitiveness of local businesses. It is also a special honor for us to sign these agreements at the EU-Moldova Investment Conference — an important platform that reflects the Republic of Moldova’s growing investment potential and its European development path. We greatly appreciate the trust and continued support of our European partners and investors, both for Microinvest and for the long-term potential of the Republic of Moldova’s economy.

Dmitrii Svinarenco
Chief Executive Officer
Microinvest

About EFSE

The European Fund for Southeast Europe (EFSE) is an impact investment fund dedicated to fostering economic development and prosperity in Southeast Europe and the Caucasus region. Through its two sub-funds — the Regional Sub-Fund (RSF) and the Ukraine Sub-Fund (USF) — EFSE provides tailored financial solutions to support entrepreneurship, strengthen financial inclusion and develop local economies. EFSE was established in 2005 by KfW Development Bank, with financial support from the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. As the first public-private partnership of its kind, EFSE attracts capital from development agencies, international financial institutions and private institutional investors. EFSE’s portfolio is managed by Finance in Motion GmbH, Germany, and the fund administration is provided by Hauck & Aufhäuser Fund Services S.A., Luxembourg.

About GGF

The Green for Growth Fund (GGF) promotes energy efficiency and the use of renewable energy sources in countries across Southeast Europe, the Caucasus, the Middle East and North Africa. By providing refinancing to local financial institutions, GGF helps businesses and households gain access to sustainable energy solutions, contributing to higher energy efficiency and lower carbon emissions. GGF was founded as a public-private partnership by the European Investment Bank and KfW Development Bank, with financial support from the European Union, BMZ and other international investors.

About Finance in Motion

Finance in Motion structures, manages and advises funds with assets of nearly EUR 4 billion, across 10 investment funds, all classified under Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR). Through these private investment funds, the organization delivers positive impact for people and the environment by working with regional financial intermediaries, making direct investments, providing advisory services and running institutional capacity-building programs. Founded in Germany and leveraging local expertise in regions spanning from Latin America to Eastern Europe, Finance in Motion has been investing in emerging markets for over 20 years.

About Microinvest

Microinvest is the market leader in non-bank lending in the Republic of Moldova, with a loan portfolio of over 8 billion Moldovan lei. Approximately 58% of the portfolio is dedicated to business clients. With more than 23 years of experience, the company serves over 50,000 active clients — local entrepreneurs and individuals — through a team of more than 400 people and a network of 17 branches. Microinvest is the only financial institution in Moldova to hold an international GOLD-level client protection certification. As of 2025, Microinvest is part of the Banca Transilvania Financial Group, and Microinvest’s sole shareholder is Victoriabank, one of the leading banks in the Republic of Moldova.