WUA members learned about the new requirements of the Post-Harvest Credit Facility

The chairmen and directors of 11 Water Users Associations (WUAs) learned about the new requirements of the Post-Harvest Credit Facility and more specifically, that the Credit Facility loans can be given only to the businesses operating in the areas of the central irrigation systems to be rehabilitated with Compact funds.

They learned that only the farmers, agricultural companies, cooperatives, exporters, associations or groups of agricultural producers operating in the Criuleni, Orhei, Anenii Noi, Dubasari, Nisporeni, Ungheni, Leova and Cahul rayons or investors who intent to start businesses in these rayons may apply for the Compact loans. The WUA representatives were also informed that the businesses owned or managed by women and groups of agricultural producers are strongly encouraged to apply for the Compact loans.

The WUA chairmen appreciated the Credit Facility, stressing that in their areas there are businesses eager to invest in the post-harvest infrastructure.

MCA Moldova will continue its outreach activities to inform other WUA members and entities/organizations in the abovementioned rayons about the new opportunities of the Post-Harvest Credit Facility.

The USD 12 million Post-Harvest Credit Facility is one of the four activities of the Transition to High Value Agriculture Project of the Compact funded by the U.S. Government through the Millennium Challenge Corporation. The Credit Facility loans are meant for procurement or construction of cold storage and associated land; equipment for processing and sorting fruits, vegetables and grapes; laboratory equipment for quality control; trucks and/or trailers to transport agri-food products to domestic or foreign markets etc.

The Credit Facility loans are given through seven banks - Moldova Agroindbank, Moldindconbank, Mobiasbanca-Groupe Societe Generale, Victoriabank, Energbank, Banca Sociala and Comertbank.


Domestic fruits will be competitive on the European markets when modern storage and processing technologies will be applied
It is a member of the Association of Fruit Producers and Exporters „Moldova-Fruct” and one of the companies that are allowed to export fruit to Russia.
Interest rates on Compact loans have dropped
The annual interest rates on the Compact Credit Facility loans provided to participating banks revised in May 2012 will apply till August 31, 2012.
1 USD from Compact loans causes 1.74 USD to be invested in post-harvest infrastructure in Moldova
11 loans amounting to 2.94 million USD were provided by the end of May for investments in construction of cold storage and procurement of associated equipment for storing fresh fruit and vegetables and other investments in post-harvest infrastructure in Moldova.