Ninety two start-ups led by women to receive non-refundable financing on behalf of state in Moldova

Chisinau, 30 December /MOLDPRES/ - A number of 92 start-ups led by women will receive financing on behalf of the state for starting and developing a business.

The allocation of grants worth up to 165,000 lei per one business today was approved by the Committee on Supervision of the Women in Business Programme, managed by the Organization for Small- and Medium-sized Enterprises Sector Development (ODIMM). 

According to the quoted source, the overall value of the grants will be 11.46 million lei, which will contribute to the creation and maintenance of 285 jobs. Fifty nine per cent of the businesses selected for financing will work in the rural environment, and for six companies, their own contribution worth 10 per cent will be covered by the International Labour Organization (ILO), within the Local Employment Partnership from the Cantemir and Causeni districts.    

About a half of the investment projects approved today are from the sector of providing services; another 33 per cent will carry out their activity in the processing industry and 16 per cent are from the agriculture and animal husbandry sectors.

The Women in Business Programme, managed by ODIMM, backs women to get managerial abilities for developing businesses, gives access to personal development, to pieces of advice of professional mentors and provides non-refundable financing of up to 165,000 lei, which can be used for purchasing investment articles and services of developing the business.  

So far, 1,100 women have been trained in the entrepreneurial sector and guided in the elaboration of investment projects and 618 investment projects were financed in a cumulative sum of 96.63 million lei, which made investments in the economy worth about 150 million lei and facilitated the creation or maintenance of over 2,000 jobs. The programme is financed from the state budget and supplied from European Union’s funds.  

Photo: ODIMM