Last week, 433 loans totaling UAH 465.89 million were issued within the framework of the State Program Affordable Loans at 5-7-9%.

In total, since the start of the Affordable Loans 5-7-9% program, representatives of micro, small and medium enterprises (MSMEs) have received 32,091 loans from authorized banks totaling UAH 81.81 billion.

Of those:

• UAH 9.51 billion were issued for investment purposes;
• UAH 49.01 billion - as anti-crisis loans;
• UAH 23.22 billion - as refinancing of previously received loans.

Infographics is available at the Ministry of Economy official website.

One of the priorities of the Ministry of Finance is state support for the development of MSMEs, which is carried out, inter alia, due to the program Affordable Loans at 5-7-9% initiated by the President of Ukraine Volodymyr Zelenskyy. The draft State Budget for 2022 provides for UAH 3 billion for the implementation of the budget program "Ensuring the functioning of the Entrepreneurship Development Fund", which stipulates for the financing of the program Affordable Loans at 5-7-9% (including an Affordable Mortgage at 7% program). This will allow providing support for the development of another 20,000 entrepreneurs.

The 5-7-9% program is implemented by the Entrepreneurship Development Fund, which has currently concluded cooperation agreements with 40 banks on interest compensation terms. The program also promotes the market of business lending services.

It should be noted that the Cabinet of Ministers of Ukraine has adopted a resolution developed by the Ministry of Finance to attract even more participants to the state programs Affordable Loans at 5-7-9% and Affordable Mortgage at 7%. The decree also introduced a state program of affordable financial leasing for micro, small and medium enterprises (MSMEs).