Partner description:

Smart Credit is a small microfinance organization with headquarters in Ungheni City that serves the rural population in the Ungheni region of Moldova. They seek to provide affordable loans to these populations and also act as an insurance agent for health, auto and accident insurance.


Almost 17 percent of the population in Moldova lives below the national poverty line. Due to devaluation of the Moldovan Leu, local financing is increasingly expensive, so Kiva funding helps Smart Credit provide more affordable loans to rural populations.


A unique lending approach:

Smart Credit offers loans that encompasss a wide variety of industries and purposes including new businesses, consumer goods, agricultural resources and home improvement. These loans allow both growth in income-generating activities, as well as improvement to living conditions.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 7, 2015 Oct 12, 2005
Total Loans $393,800 $964,789,625
Amount of raised Inactive loans $0 $459,350
Number of raised Inactive loans 0 219
Amount of Paying Back Loans $313,000 $147,075,950
Number of Paying Back Loans 183 183,206
Amount of Ended Loans $80,800 $817,254,325
Number of Ended Loans 45 1,026,030
Delinquency Rate 0.55% 7.83%
Amount in Arrears $1,051 $7,616,370
Outstanding Portfolio $191,100 $97,243,602
Number of Loans Delinquent 1 19,240
Default Rate 0.00% 1.41%
Amount of Ended Loans Defaulted $0 $11,498,102
Number of Ended Loans Defaulted 0 33,015
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,395,675
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,946,325
Number of Refunded Loans 0 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 53.59% 75.33%
Average Loan Size $1,727 $399
Average Individual Loan Size $1,727 $631
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $3,800 $5,879
Average Loan Size / GDP per capita (PPP) 45.45% 6.79%
Average Time to Fund a Loan 4.88 days 6.92 days
Average Dollars Raised Per Day Per Loan $354.09 $57.68
  Average Loan Term 23.79 months 11.12 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 50 502,772
  Journaling Rate 100.00% 41.48%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 33% APR 20.00% PY 26.15% PY
  Profitability (return on assets) 11.67% 1.6% -1.14%
  Average Loan Size (% of per capita income) N/A 89.00% 16.85%

Country Fast Facts

Field Partner Staff

Sergiu Cozmolici
Tatiana Pavlov