Affordable Loans at 5-7-9%: Over the past week, entrepreneurs took out 468 new loans totalling over UAH 2.5 billion

Over the past week, entrepreneurs took out 468 new loans worth over UAH 2.5 billion.

The largest increase in the amount of loans issued last week was recorded in business lending in areas of high military risk (+UAH 1.2 billion), which accounts for almost 48% of all new loans for the week.

Since the programme began (February 2020), entrepreneurs have received 135,800 loans worth UAH 466.5 billion. Of these, 101,000 loans worth UAH 376.9 billion were issued during the period of martial law.

Four regions belonging to high military risk zones are among the top ten leaders in terms of the number of loans taken out: Dnipropetrovsk, Odesa, Kyiv, and Kharkiv regions.

The largest volumes of lending were attracted by enterprises in the agricultural sector, wholesale and retail trade, and the processing industry.

Background information

The Affordable Loans at 5-7-9% programme is part of the Made in Ukraine policy for the development of Ukrainian manufacturers and is aimed at stimulating micro, small and medium-sized businesses by reducing the cost of credit resources through state compensation or state guarantees. For businesses operating in areas of high military risk, the programme provides a reduced rate on investment loans — 1% per annum for the first 5 years and 5% thereafter.

From 2024, the programme has focused on supporting lending for investment projects that create jobs, promote business modernisation and economic recovery. Entrepreneurs can attract up to UAH 150 million for the development of production, energy conservation, infrastructure, or the reconstruction of war-damaged facilities.

The programme is implemented through the Business Development Fund and authorised banks. Details and conditions of participation are available on the website.

Forty-seven authorised banks are participating in the programme.