OREANDA-NEWS. On July 24, 2008 Moldindconbank issued credits according to “Youth Economical Support National Program (YESNP)”, reported the press-centre of Moldindconbank.
 
According to this program, bank issues credits on following conditions:
 
Age of 18-30 inclusive, at the moment of credit contracting. The age condition must be mandatory satisfied by all founders of the company.

Citizens of the Republic of Moldova;

Practicing entrepreneur activity in:

- any legal organizational form;

- rural sector (excluding Chisinau and Baltsy cities, including Chisinau and Baltsy municipality).
 
Credit characteristics:

Maximal loan amount - 300 000 MDL inclusive grant;

Maturity - maximal 60 months;

Loan currency - Moldavian leu

Annual interest rate - 11,8% floatable, changeable semiannually,

with commission – 0,5%;

Grant element - 40% of the loan amount, in terms of using the loan minimum 2 years.
 
Loan purpose:

Financing of:

priority: production purposes (acquisition of equipment and tools used to develop the rural sector);

ulterior: services in rural sector.