PARE 1+1 to provide financing to 37 more entrepreneurs

Financing with total worth of 7.26 million lei will be provided to 37 entrepreneurs for implementing their projects within the Program on Attracting Remittances into the Economy PARE 1+1, according to Infotag

According to the Organization for Small and Medium Enterprises Sector Development of Moldova (ODIMM), the contribution of beneficiaries will account for 20 million lei. 150 jobs will be created.

15 grant beneficiaries are citizens, who earned money abroad and came back home to open their own business. 62% recipients are implementing projects in the field of agriculture, 225 – in the field of services, 16% – in the field of production. Only eight entrepreneurs are from Chisinau, while the rest are from 21 raions of the country.

In total, 70 contracts on financing worth 14 million lei were signed year to date within the program.

According to ODIMM Director Iulia Yabanji, this year the budget for program implementation implies 40 million lei, just as in 2016.
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