State-Guaranteed Lending to MSMEs
Since the launch of the state portfolio guarantee mechanism in December 2020, Ukrainian micro, small and medium-sized businesses (MSMEs) have received 49,787 loans totaling UAH 161.9 billion, according to the Ministry of Finance of Ukraine.
The program is designed to expand access to finance by partially securing loan obligations with state guarantees.
August Results
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In August 2025 alone, businesses obtained 498 loans worth UAH 1.9 billion,
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Of this amount, more than UAH 1.1 billion was guaranteed by the state as part of principal debt obligations.
Breakdown by Sector
By type of economic activity, the agricultural sector received the largest number of loans under portfolio guarantees:
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Agriculture: 4,676 loans totaling UAH 28.6 billion.
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Processing industry: 4,722 loans totaling UAH 22.9 billion.
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Wholesale & retail trade, vehicle repair: 9,644 loans totaling UAH 20.3 billion.
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Transport, warehousing, postal & courier services: 1,191 loans totaling UAH 2.5 billion.
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Construction: 753 loans totaling UAH 1.9 billion.
Why It Matters
The data confirm that agriculture remains the leading sector in leveraging portfolio guarantees — highlighting its critical role in Ukraine’s economy and resilience during wartime. At the same time, industry and trade sectors also demonstrate active participation, ensuring diversified support across the business landscape.
