Organization for Entrepreneurship Development (ODA)
134 Stefan cel Mare bd., MD-2012, Chisinau
Republic of Moldova
+ 373 (22) 29 57 41
+ 373 (22) 29 57 97
info@odimm.md
https://odimm.md/en/
The Organization for Entrepreneurship Development is a public institution under the Ministry of Economy with the mission to support the development of the entrepreneurial environment, including small and medium enterprises, by promoting entrepreneurial culture, providing financial and technical assistance to companies, issuing financial and state guarantees, and providing business support infrastructure.
| Year of creation individual entities or association | 2007 |
| Type of organization National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed | public institution under the Ministry of Economy |
| Type of scheme guarantee or counter-guarantee | Guarantees and Grant Programs |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantees and Grant Programs |
| Ownership i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models | Fully Public, funded by the Ministry of Economy |
| Shareholder structure Private / Public (in %) | Public (100 %) |
| Legal form of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc. | ODA is a Public Institution, The Credit Guarantee Fund (CGF) being an autonomous internal subdivision in ODAs organizational structure, without legal personality |
| Structure / Network i.e. central scheme with regional offices, central scheme only, association network | Central scheme only, with a single office |
| Geographic coverage i.e. local, regional, national | Guarantee and Grant Programs have a national coverage |
| Sectorial focus i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc. | All sectors of economy, excluding the next domains: (a) enterprises which hold a dominant position on the market, as established by the competent authority; b) enterprises in whose share capital the share of the founding member who is not a micro, small and medium-sized enterprise exceeds 25%, except for non-commercial organizations; (c) enterprises importing goods subject to excise duty; d) fiduciary companies and insurance companies; (e) enterprises for collective investment in securities; f) financial institutions; g) non-bank lending organizations, savings and loan associations; h) foreign exchange enterprises and pawnbroker shops; i) gambling enterprises; j) non-state pension funds; k) enterprises where state control has repeatedly revealed the same violations of the legislation. |
| Size of businesses supported i.e. large companies, SMEs, micro-enterprises, independent/self-employed | All SMEs |
| Supervision statute i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members | Supervised by the Ministry of Economy |
| Profit / Non-profit oriented dividends to public shareholders are not considered as profit orientation | Non-Profit oriented |
| Do you benefit from a counter-guarantee at local, regional or national level? Local level or Regional level or National level | No |
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | No |
| Types of guarantee products provided by your organisation/your members | Loan guarantees, Agriculture loan guarantees, Working capital loan guarantees, Investment loan guarantees, Housing guarantees (First Home Program for individuals), Export loan guarantees |
| Other SME support instruments offered by your organisation/your members Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services | Grants, Coaching, SME development consulting, Business incubators, Multifunctional Industrial Platforms |
| Is the activity subject to state aid regulation? | yes |
| Do you (your members) use..? De minimis or GBER or Regional guidelines or Notification | De minimis, Regional guidelines and Notification |
| Do you (your members) dispose of an internal rating/scoring system? | No, The guarantee decision is based on the banks risk assessment of the transaction, including the verification of eligibility criteria relating to the guarantee products. |
| Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)? | Yes, In accordance with the National Bank decision no. 111 of May 24,2018 (modified as of May 29, 2020) on the approval of the Regulation on the treatment of banks’ credit risk using standardised approach, ,,Exposures to public sector entities of the Republic of Moldova, denominated and funded in Moldovan lei, shall be assigned a risk weight of 20%.” |
| Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)? | No |
