Saving and Credit Association Microimprumut operates in accordance with the Moldovan legislation in force, namely: the Law on Savings and Loan Associations no. 139-XVI from 21.06.2007 and its amendments, the related regulations as well as various specific normative acts.
Within the framework of the Constitution Meeting in Ciorescu village Casa de Economii si Microimprumut (in the following Savings and Credit Association –SCA- Microimprumut) was founded on December 19, 2007. The first members were a total of 10 persons, who became the founding members. Currently SCA Microimprumut has exceeded 4000 members.
In its beginning the Association offered only loans for defined economic activities and later, having made growth in volume and membership, increased the range of loanproducts and accepted deposits.
At the time savings ensure depositors a secure and stable income and loan recipients are offered to achieve their dreams and to cover their needs. Insurance products guarantee the retention of goods, safety of life of the beneficiaries and that of their families.
Throughout the period of activity from its foundation until now the SCA Microîmprumut has made continuous progress with regard to its credit process, thus recording
A CAPITAL OF OVER 13 MLN LEI
A LOAN PORTFOLIO OF OVER 90 MLN LEI
A PORTFOLIO OF SAVINGS DEPOSITS OF OVER 80 MLN LEI.
This fruitful activity was made possible through an active promotion policy and effective lending. Also in the future the management will use all its possibilities for a further capitalization and growth of the association and will do this under the legal requirements on business activities of SCAs and the regulations issued by the National Commission of Financial Market.
Currently the association has 10 branches which are accepted by the National Commission of the Financial Market and were permitted to operate under the license of Casa de Economii si Microimprumut.