In Moldova, the Foundation strengthens its support for Smart Credit

In September, the Grameen Crédit Agricole Foundation granted new financing in Eastern Europe, particularly in Moldova, where it is strengthening its support for the microfinance institution. Smart Credit.

The institution was thus granted a new loan in the amount of €500,000 in local currency, over a four-year period. Smart Credit is a microfinance institution whose objective is to help clients improve their living conditions, particularly socially disadvantaged small entrepreneurs. The institution currently has more than 3,000 active borrowers, including 54% women and 71% rural clients, and manages a portfolio of nearly €4 million.

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