Since the beginning of the year, 6,800 enterprises have received UAH 25.7 billion under the Government’s Affordable Loans at 5-7-9 programme. In total, 8,800 Ukrainian agricultural enterprises received almost UAH 42 billion in bank loans for farms development this year.

In particular, the largest volume of loans under the Affordable Loans at 5-7-9 programme was received by agricultural enterprises in the following regions:

• Kirovohrad region – UAH 3.2 billion allocated to 1,030 agricultural enterprises;
• Vinnytsia region – UAH 2.7 billion (841 enterprises);
• Odesa region – UAH 2.5 billion (651 enterprises);
• Kyiv region – UAH 2.4 billion (542 enterprises).

Farmers in the following regions received the largest amount of loans under various programmes:

• Kyiv region – UAH 7.9 billion (672 enterprises);
• Vinnytsia region – UAH 4.45 billion (1,035 enterprises);
• Kirovohrad region – UAH 3.67 billion (1,263 enterprises);
• Dnipropetrovsk region – UAH 3.6 billion (596 enterprises);
• Odesa region – UAH 3.1 billion (800 enterprises).

Background

The Affordable Loans at 5-7-9 programme simplifies access to bank lending for micro and small businesses. Farmers can receive a loan of up to UAH 90 million. Loans are provided at 5-9% per annum, depending on the loan category and type of business.