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 $1,457,425 $1,411,965,700
Amount of raised Inactive loans $0 $3,148,600
Number of raised Inactive loans 0 623
Amount of Paying Back Loans $628,075 $150,192,800
Number of Paying Back Loans 456 195,744
Amount of Ended Loans $829,350 $1,258,624,300
Number of Ended Loans 590 1,627,010
Delinquency Rate 2.15% 26.10%
Amount in Arrears $9,181 $24,507,566
Outstanding Portfolio $376,946 $93,911,247
Number of Loans Delinquent 57 131,420
Default Rate 1.06% 1.76%
Amount of Ended Loans Defaulted $8,794 $22,187,519
Number of Ended Loans Defaulted 6 53,814
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $180 $5,484,508
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $8,892,600
Number of Refunded Loans 0 8,400

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 51.77% 76.46%
Average Loan Size $1,393 $394
Average Individual Loan Size $1,393 $611
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $3,800 $5,743
Average Loan Size / GDP per capita (PPP) 36.67% 6.86%
Average Time to Fund a Loan 9.6 days 7.19 days
Average Dollars Raised Per Day Per Loan $145.18 $54.80
  Average Loan Term 22.24 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 683 869,325
  Journaling Rate 92.45% 43.35%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% APR 20.00% PY 25.90% PY
  Profitability (return on assets) 7.9% 1.6% -2.02%
  Average Loan Size (% of per capita income) N/A 89.00% 12.51%

Country Fast Facts

Field Partner Staff

Maria Braguta
Corina Ciomschi
Sergiu Cozmolici
Tatiana Pavlov