Smart Credit from Moldova is the smallest institution in the GLS AI microfinance fund portfolio when purely looking at the balance sheet. Nevertheless, we are happy to reach out also to such institution that tend to be often neglected by other large sized investors.
Smart Credit looks after around 3,000 customers with around 30 employees in five branches. The business is mainly conducted in and around the small towns of Ungheni, Calarasi and Cimislia, all of which have fewer than 40,000 residents. With its products, Smart Credit mainly addresses the needs of the rural population. While many institutions in the region focus on corporate loans, Smart Credit has specialized in private individuals and offers loans that can be used to pay for home repairs or to purchase computers and household appliances.