Cooperation & Networks — Organisations
Rural Finance Corporation
- Posted on: 30.06.2014
- Moldova
- Acronym: RFC
Website: Link
Contact: Galina CICANCI, str. Ion Creanga 10/5, Chişinău MD-2069, Moldova,
Rural Finance Corporation is a microfinance institution, created in 1997 in Chisinau, Republic of Moldova, with the purpose to provide loans (credits) in the rural areas of the country. Lending is the main type of activity of the institution, which was created by first savings and credit associations of citizens (SCAs) of Moldova as a central finance facility for their network, representing one of the most successful interventions in country’s efforts to reduce poverty.
Rural Finance Corporation became one of the leaders of microfinance in Moldova, with the mission of promoting rural development by offering favourable financial services to farmers and entrepreneurs, in line with Moldova’s poverty reduction strategy; RFC is a joint stock company in which 100% of voting shares belong to savings and credit associations. RFC is a non-bank financial institution functioning on the financial market of the Republic of Moldova for 16 years. The main target of the activities of Rural Finance Corporation is to ensure the access of small farmers and rural entrepreneurs to financial services in villages. It covers a very specific niche of the financial market, represented by clients who previously had no access to financial markets due to lack of experience, small size of business and requested loans, lack of collateral, insecure character of investments in agriculture.
The success and exclusivity of RFC is based on our credit activities are supplemented with a full set of assistance required by the client in management, accounting, financial planning, and building relationships with fiscal authorities, etc. In such a way, the development component of our mission is as important as the credit component.
Rural Finance Corporation became one of the leaders of microfinance in Moldova, with the mission of promoting rural development by offering favourable financial services to farmers and entrepreneurs, in line with Moldova’s poverty reduction strategy; RFC is a joint stock company in which 100% of voting shares belong to savings and credit associations. RFC is a non-bank financial institution functioning on the financial market of the Republic of Moldova for 16 years. The main target of the activities of Rural Finance Corporation is to ensure the access of small farmers and rural entrepreneurs to financial services in villages. It covers a very specific niche of the financial market, represented by clients who previously had no access to financial markets due to lack of experience, small size of business and requested loans, lack of collateral, insecure character of investments in agriculture.
The success and exclusivity of RFC is based on our credit activities are supplemented with a full set of assistance required by the client in management, accounting, financial planning, and building relationships with fiscal authorities, etc. In such a way, the development component of our mission is as important as the credit component.
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