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Microinvest was founded in 2005 and focuses on the micro-business, SME, rural and consumer credit segments. It’s the country’s leading MFI. SIDI holds 3.42% of the capital, after the EFSE fund, Soros and Oikocredit.
Moldova lies on the edge of Eastern Europe, between Romania and Ukraine. With a GDP of around 1,900 USD/year, it is one of the poorest countries in Europe. Since independence in 1991, the country has been torn between its pro-European and pro-Russian aspirations. The country introduced a law in 2021 aimed at limiting the ability of people in informal employment to get into debt.
Microinvest has the lowest interest rate on the market and is working to lower it regularly. Its performance during the Covid crisis was exemplary. It must now face up to the Ukrainian crisis, in which Moldova is geopolitically involved. It has shown good resilience in the face of these various events, and its financial results continue to perform very well. The institution is making strategic choices that may distance it from SIDI’s founding social choices. However, it is working towards a responsible balance rather than a social vision of microfinance. It wants to make progress in terms of environmental products and services for its customers, in a country heavily impacted by climate change.
