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 $337,525 $921,511,975
Amount of raised Inactive loans $0 $560,625
Number of raised Inactive loans 0 294
Amount of Paying Back Loans $294,100 $138,527,850
Number of Paying Back Loans 175 168,403
Amount of Ended Loans $43,425 $782,423,500
Number of Ended Loans 24 979,217
Delinquency Rate 0.53% 8.60%
Amount in Arrears $1,016 $7,660,357
Outstanding Portfolio $190,706 $89,071,785
Number of Loans Delinquent 3 21,812
Default Rate 0.00% 1.37%
Amount of Ended Loans Defaulted $0 $10,710,868
Number of Ended Loans Defaulted 0 30,594
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,207,405
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,839,875
Number of Refunded Loans 0 5,905

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 54.55% 75.08%
Average Loan Size $1,696 $403
Average Individual Loan Size $1,696 $635
Average Group Loan Size $0 $1,782
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $3,800 $5,909
Average Loan Size / GDP per capita (PPP) 44.63% 6.82%
Average Time to Fund a Loan 4.01 days 6.96 days
Average Dollars Raised Per Day Per Loan $423.25 $57.84
  Average Loan Term 23.56 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 30 478,905
  Journaling Rate 100.00% 41.63%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

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 26.13% PY
  Profitability (return on assets) 11.67% 1.6% -0.06%
  Average Loan Size (% of per capita income) N/A 89.00% 17.82%

Country Fast Facts

Field Partner Staff

Sergiu Cozmolici
Tatiana Pavlov