|  |  |  |  |
Contacts:
Republic of Moldova, Chisinau,
str. Puskin, 16
tel: (373 22) 212-765
fax: (373 22) 229-902
|  | |
Copyright © 2005 Microinvest
| | |  | Home ->
About Company ->
History of microinvest
History of microinvest
25.2008, July. International rating company Planet-Rating assessed Microinvest’s performances and accorded a score of B++, according to the international rating standards.
24. 2008, May. Microinvest increased its equity with 54,45 mln lei as result of acceptance of associations and contributions, as follows:
- OIKOCREDIT Ecumenical Development Cooperative Society U.A. - 13 200 000 MDL
- SEDF ( SOROS ECONOMIC DEVELOPMENT FUND) - 8 250 000 MDL
- BFSE HOLDING B.V. SRL - 29 356 467 MDL
- RICHARD DRIEHAUS - 3 643 533 MDL
Current equity of IM OMF Microinvest SRL is 73885625 lei.
23. 2007, December. MICROINVEST increased its equity as a result of an equity investment made by the Balkan Financial Equity Fund (BFSE) Holding B.V. and by the management of the company. Thus, as of 31.12.07, the company’s equity was raised to USD 4,237 mln., where BFSE held 61,2%, Soros Foundation Moldova – 31,56% , SIDI – 3,72% and MICROINVEST’s management – 3,52%.
22. 2007, November. A new Loan Agreement of 2 mln. USD was signed with GCMC (Global Commercial Microfinance Consortium.
21. 2007, September. Microinvest launched a new product for clients from trade sector. This is the loan issued in local currency and indexed (pegged) to EUR. After a test period of several months, this product will be available for all clients and in all branches.
20. 2007, April. Microinvest received a second loan from Oikocredit Romania, in the amount of 700 000 Euro, for a period of 5 years.
19. 2007, March. Microinvest signed with European Bank for Reconstruction and Development a loan agreement in the amount of 1 million USD. The loan is accompanied by a $100,000 technical assistance grant for managerial and loan officer training as well as MIS improvement. This is the first loan MICROINVEST has received from EBRD.
18. 2007, February. Microinvest opened a new office in Buiucani region of the capital city, located on Creanga str., 62/4. This is the 10th office of the company.
17. 2006, October. European Fund for Southeast Europe (EFSE) promoted by KfW and managed by Oppenheim Pramerica/Bankakademie, signed with JV MFO Microinvest LLC a loan contract of 1 900 000 USD, for a period of 4 years. This loan will enable Microinvest to issue 600 – 800 loans to micro and small enterprises from rural areas.
16. 2006, August. Global Commercial Microfinance Consortium Ltd managed by Deutsche Bank Trust Company Americas, Community Development Group signed a loan contract with JV MFO Microinvest LLC with the purpose to finance small business. The loan in the amount of 750 000 Euro and for a period of four years will make possible to lend to a larger number of clients, to micro and small enterprises from rural and urban areas from Moldova.
15. 2006, July. International rating company Planet-Rating assessed Microinvest’s performances and accorded a score of B+, according to the international rating standards.
14. 2006, June. During the same week Microinvest LLC signed an Agreement with Credit Suisse Fund Management. The Agreement was signed trough Symbyotics SA services from Switzerland. In accordance with the respective Agreement, Microinvest will receive 200 000 reimbursable Euro with the purpose to finance and develop small business.
13. 2006, June. Stichting Triodos-Doen, one of the Triodos-Bank development funds from Netherlands, signed with JV MFO Microinvest LLC a loan contract of 500 000 euro. The loan for a period of two years will make possible to lend to a larger number of clients, to micro and small enterprises from rural and urban areas from Moldova. The first tranche of the loan was received on June 2, 2006.
12. 2005, March. International rating company - Planet-Rating – assessed MICROINVEST’s economic and financial performances and provided a list of recommendations for improvement in order to reach the international performance standards. According to the international standards, a company’s rating can be determined after 3 years of operations.
11. 2005, January. International Audit Company, „Ernst & Young”, audited MICROINVEST’s 2003 and 2004 financial reports and its compliance with the international standards.
10. 2004, September. A new regional branch was launched to extend MICROINVEST’s branch network coverage and 5 new loan officers were hired.
9. 2004, January. A massive advertising campaign was launched to give way to the company’s full lending operational capacity.
8. 2003, October. A first venture capital, also an innovative financial product for financial sector in the Republic of Moldova, was provided.
7. 2003, September. A first financial guarantee – an innovation on the Moldovan microfinancial market – was issued.
6. 2003, May. MICROINVEST finished elaboration of its MIS and implemented a specially designed and permanently updateable software.
5. 2003, April. National Bank of Moldova granted to MICROINVEST the right to provide, initially on a pilot basis, the microloans through its entire network of 8 branches.
4. 2003, April. A new company, called MICROINVEST LLC, was registered with the State Chamber of Registration of Enterprises. MICROINVEST was founded by Soros Foundation Moldova.
3. 2002, December. MMA Administrative Board decided to create a microfinance institution, which would provide microloans to the MSES and inherit not only the MMA’s personnel, but also its microfinancing experience built over the 5 year period of its operations since 1997.
2. 2002, July. Moldova Microfinance Alliance’s experts, in the market study, identified a strong demand for financial resources needed to develop Micro and Small Enterprises (MSEs), the demand which could not have been met solely by the commercial banks at the time.
1. 2000-2001. Artur Munteanu elaborated the first version of the Microinvest Business Plan. This is the MBA Graduation Paper of his studies at Finance Department, University of Hull, UK.
| |