100%

funded

Total loan: $4,575

Nicolae Cebotari Group

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Cimislia, Cimișlia, Moldova / Agriculture

Nicolae Cebotari Group's loan finished fundraising,
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A loan helped To improve their businesses by increasing working capital to enable them to rent space at the wholesale market.


Nicolae Cebotari Group's story

This is a group of farmers that is hoping to secure a loan via MicroInvest to improve and expand their respective businesses. In particular, they are seeking this loan because they do not have sufficient capital to pay rent at the wholesale market, which hinders their ability to generate an increase in their profits.

The entire group consists of relatives, and everyone is held accountable by each other. Even so, the leader of this group is Nicolae C., who is the oldest of the group and who convinced everyone to request this loan from MicroInvest. Notably, this is not the first loan Nicolae has sought from MicroInvest, and he explains that he has a good credit history and that lenders should have confidence that the group will promptly repay this loan.