• a) The applicant is a micro, small or medium-sized enterprise, as defined in Art. 4 of Law no. 179/2016 on small and medium-sized enterprises;
• b) The applicant does not conduct activities or the intended use of the credit funds does not relate to ineligible activities listed in the Guarantee Agreement or the Guarantee Scheme;
• c) The beneficiary has repayment capacity and is considered viable for lending in accordance with the Creditor’s internal policies;
• d) The beneficial owner of the Applicant is identified;
• e) The applicant has not registered overdue loan payments exceeding thirty (30) consecutive days in the last year and exceeding ninety (90) consecutive days in the last three years;
• f) The applicant confirms the absence of any outstanding payments to the state budget;
• g) The applicant does not carry out illegal activities within its business;
• h) The applicant, including beneficial owners and shareholders, is not included in any financial sanctions lists observed by the Creditor in accordance with the internal anti–money laundering and counter-terrorist financing policy;

A. The following activities will not be supported under the Guarantee Scheme:

1. activities that may cause significant impacts requiring a full Environmental Impact Assessment (EIA), according to national Law no. 86/2014;
2. any investments related to timber harvesting and/or that may impact forest health;
3. production and processing of Genetically Modified Organisms (GMOs);
4. activities located in protected areas, critical habitats, or culturally or socially sensitive areas recognized under national regulations (Ref.: ESS6 – Biodiversity Conservation; ESS8 – Cultural Heritage);
5. activities that may cause permanent or temporary physical or economic displacement of landowners or users (Ref.: ESS5);
6. activities involving forced labor or child labor, reported or significant concern regarding sexual exploitation and abuse or sexual harassment (Ref.: ESS2);
7. purchase of pesticides classified as “I, II or III of the RM Toxicity Group”, “Ia, Ib or II of the WHO Toxicity Class” and/or “banned or severely restricted by the EU” (Ref.: ESS3);
8. large-scale irrigation systems and subprojects involving discharge of wastewater directly into international waterways (Ref.: OP/BP 7.50).

B. The Guarantee Scheme will also not support other types of subprojects specified in the IFC/WB Exclusion List:

1. Production or trade in products deemed illegal under host country laws or international conventions.
2. Production or trade in weapons and ammunition.*
3. Production or trade in alcoholic beverages (excluding beer and wine).*
4. Production or trade in tobacco.*
5. Gambling, casinos, and equivalent enterprises.*
6. Production or trade in radioactive materials (except medical equipment).
7. Production or trade in non-bonded asbestos fibers.
8. Drift net fishing exceeding 2.5 km.
9. Forced labor / harmful child labor.
10. Production or trade in timber from unsustainably managed forests.
11. Hazardous chemicals in significant volumes.
12. Activities affecting indigenous peoples’ lands without consent.

* See note on insignificant involvement (<5%).
Link note: IFC

C. In accordance with Article 12 of Law no. 179/2016, the following companies are not eligible for support:

1. companies holding a dominant market position;
2. companies with non-SME founder share > 25%;
3. companies importing excisable goods;
4. trust companies and insurance companies;
5. collective investment undertakings;
6. banks;
7. non-bank credit organizations and savings and loan associations;
8. pawnshops and currency exchange units;
9. gambling enterprises;
10. voluntary pension funds;
11. companies with repeated legal violations.