Ukrainian Entrepreneurs Were Issued Loans Worth $1.6 Bln Under the State Program

Monday, June 7, 2021
1 MIN
Ukrainian Entrepreneurs Were Issued Loans Worth $1.6 Bln Under the State Program

Since the start of the program, participating banks have issued 17,629 loans totaling over $1.6 bln. Of these, $ 658 million — refinancing of previously received loans, $ 212 million entrepreneurs received for capital investments, and $ 790 million as anti-crisis loans to replenish working capital at 0%

In the last week alone, banks participating in the Affordable Loans 5-7-9% program have signed 592 agreements worth almost $ 73 million. The most active participants in the program are representatives of agriculture (49%), trade and production (24%) and industrial processing (16%). According to the regional classification, the leaders are Lviv, Kharkiv, and Kyiv regions.

We will remind you that on November 11, 2020, the parliament made the decision on the additional strengthening of anti-epidemic measures. As a result, businesses in quarantine need more support by improving the state program Affordable Loans 5-7-9%.

The amended program provides for measures that are a universal and effective mechanism for lending to micro and small businesses with state financial support to businesses, regardless of their field of activity.

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