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 $264,925 $866,290,725
Amount of raised Inactive loans $0 $438,300
Number of raised Inactive loans 0 312
Amount of Paying Back Loans $253,650 $138,225,075
Number of Paying Back Loans 147 168,102
Amount of Ended Loans $11,275 $727,627,350
Number of Ended Loans 7 903,770
Delinquency Rate 0.11% 7.99%
Amount in Arrears $210 $7,217,709
Outstanding Portfolio $191,928 $90,329,689
Number of Loans Delinquent 1 21,355
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,618,429
Amount of Ended Loans $11,275 $727,627,350
Number of Ended Loans Defaulted 0 26,678
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,748,624
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,634,100
Number of Refunded Loans 0 5,820

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 55.63% 74.87%
Average Loan Size $1,720 $408
Average Individual Loan Size $1,720 $640
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $3,800 $5,938
Average Loan Size / GDP per capita (PPP) 45.27% 6.86%
Average Time to Fund a Loan 3.17 days 6.9 days
Average Dollars Raised Per Day Per Loan $542.52 $59.03
  Average Loan Term 23.94 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 14 439,977
  Journaling Rate 100.00% 41.48%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

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 27.38% PY
  Profitability (return on assets) 11.67% 1.6% -0.69%
  Average Loan Size (% of per capita income) N/A 89.00% 19.11%

Country Fast Facts

Field Partner Staff

Sergiu Cozmolici
Tatiana Pavlov