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

The agreements, signed during the EU-Moldova Investment Conference—an event organized in Chișinău by the Government of the Republic of Moldova and the European Commission—reaffirm Microinvest’s role as a partner to local entrepreneurs and agricultural producers. The new financing lines will contribute to the Republic of Moldova’s efforts to develop the private sector, increase economic resilience, and accelerate sustainable transformation in line with European standards.

With a strong national presence and extensive experience in financing SMEs and agriculture, Microinvest continues to channel international capital into sectors with high growth potential. The funds raised will support investments focused on modernization, productivity growth, digitalization, energy efficiency, and sustainable development.

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

Dmitrii Svinarenco
Executive Director
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 raises capital from development agencies, international financial institutions, and private institutional investors. The EFSE portfolio is managed by Finance in Motion GmbH, Germany, and the fund is administered 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, the GGF helps businesses and households gain access to sustainable energy solutions, contributing to increased energy efficiency and reduced carbon emissions. The GGF was established as a public-private partnership by the European Investment Bank and the German Development Bank KfW, with financial support from the European Union, the BMZ, and other international investors.

About Finance in Motion

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

About Microinvest

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