21 Billion Hryvnias Received by 4.5 Thousand Agricultural Enterprises This Year Under “Affordable Loans 5-7-9” Program

by Roman Cheplyk
Monday, June 10, 2024
2 MIN
21 Billion Hryvnias Received by 4.5 Thousand Agricultural Enterprises This Year Under “Affordable Loans 5-7-9” Program

Since the beginning of the year, 7,630 agricultural enterprises in Ukraine have secured nearly UAH 51 billion in bank loans for their development

Notably, 4,521 of these farms were financed under the state program "Affordable Loans 5-7-9," receiving a total of UAH 21.3 billion.

Key Statistics:

  • Total Loans: Almost UAH 51 billion
  • "Affordable Loans 5-7-9": UAH 21.3 billion to 4,521 farms

Top Regions Receiving Loans:

  • Kyiv Region: UAH 14 billion allocated to 715 enterprises
  • Kirovohrad: UAH 3.1 billion for 928 enterprises
  • Dnipropetrovsk: UAH 3.1 billion for 563 enterprises
  • Lviv: UAH 3 billion for 465 enterprises
  • Ternopil: UAH 2.9 billion for 291 enterprises
  • Vinnytsia: UAH 2.9 billion for 727 enterprises
  • Poltava: UAH 2.7 billion for 429 enterprises
  • Odesa: UAH 2.6 billion for 628 enterprises

Top Regions Under "Affordable Loans 5-7-9":

  • Kyiv: UAH 2.6 billion for 422 farms
  • Kirovohrad: UAH 2 billion for 603 farms
  • Vinnytsia: UAH 2 billion for 456 farms
  • Kharkiv: UAH 1.85 billion for 286 farms
  • Odesa: UAH 1.6 billion for 405 farms
  • Dnipropetrovsk: UAH 1.2 billion for 283 farms
  • Volyn: UAH 1.2 billion for 236 farms

Program Details:

The "Affordable Loans 5-7-9" Program, supported by the World Bank's "Emergency Project of Providing Inclusive Support for the Restoration of the Agricultural Economy of Ukraine (ARISE)," aims to simplify access to bank lending for micro and small businesses. Farmers can receive loans up to UAH 90 million with interest rates ranging from 5% to 9% per annum, depending on the loan category and business entity.

The program is designed to boost the agricultural sector by providing necessary financial support, facilitating the restoration and growth of agricultural enterprises in Ukraine.

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