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.

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