SIFEM is pleased to announce a new investment into Microinvest, a leading non-banking financial institution in Moldova providing loans to micro, small, and medium enterprises (MSMEs), agricultural businesses, and consumer clients across the country.

Founded in 2003, Microinvest has grown into the largest microfinance institution in Moldova, with a nationwide footprint and a strong focus on rural areas and agricultural clients. The company offers accessible financing to entrepreneurs, including underserved segments such as women-owned enterprises and family businesses.

SIFEM’s financing will be dedicated to expanding climate- and gender-focused lending, specifically through green credit lines for energy-efficiency and climate-resilient investments, as well as productive loans for women. The investment aims to address the persistent financing gap for MSMEs in Moldova while contributing to inclusive and sustainable growth.

Microinvest is backed by several development finance institutions (DFIs), including FMO, PROPARCO, DFC, EFSE, and the Green for Growth Fund. In October 2025, it was officially acquired by B.C. Victoriabank S.A., part of the Banca Transilvania Group, further strengthening its institutional governance and access to funding.

Update on SIFEM’s investment in the Bank of Georgia

In parallel, SIFEM has renewed its support to an existing partner, the Bank of Georgia (BoG). In 2025, SIFEM committed a new USD 15 million subordinated debt facility directly to BoG, replacing the previous USD 10 million subordinated debt transaction disbursed in 2019 under the FMO syndication. The new facility will support the bank’s loan portfolio growth, its trade-finance expansion, and the strengthening of its capital base.

Learn more about SIFEM’s investment in Microinvest and the Bank of Georgia in our Portfolio Explorer.