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 $1,054,800 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $433,400 $147,970,550
Number of Paying Back Loans 353 195,474
Amount of Ended Loans $621,400 $1,182,285,025
Number of Ended Loans 399 1,522,055
Delinquency Rate 0.83% 10.42%
Amount in Arrears $2,194 $9,802,012
Outstanding Portfolio $224,474 $94,101,479
Number of Loans Delinquent 11 55,529
Default Rate 1.63% 1.74%
Amount of Ended Loans Defaulted $10,121 $20,609,355
Number of Ended Loans Defaulted 6 50,258
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $2 $5,175,709
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,878,725
Number of Refunded Loans 0 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 53.12% 76.40%
Average Loan Size $1,403 $394
Average Individual Loan Size $1,403 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $3,800 $5,776
Average Loan Size / GDP per capita (PPP) 36.91% 6.82%
Average Time to Fund a Loan 9.48 days 7.13 days
Average Dollars Raised Per Day Per Loan $147.93 $55.26
  Average Loan Term 22.39 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 516 789,496
  Journaling Rate 95.47% 43.17%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.81

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 25.36% PY
  Profitability (return on assets) 7.32% 1.6% -1.96%
  Average Loan Size (% of per capita income) N/A 89.00% 12.88%

Country Fast Facts

Field Partner Staff

Maria Braguta
Corina Ciomschi
Sergiu Cozmolici
Tatiana Pavlov