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During last week, entrepreneurs obtained 925 loans totaling UAH 1.5 billion under the State Program Affordable Loans at 5-7-9%

Ministry of Finance of Ukraine, posted 20 December 2021 13:51

Last week, under the State Program Affordable Loans at 5-7-9% there were issued 925 loans to the tune of UAH 1.5 billion.

In total, since the start of the "5-7-9%" program, representatives of micro, small and medium enterprises (MSMEs) have received 29,522 loans from authorized banks in the amount of UAH 77.7 billion.

Of those:

  • UAH 9.22 billion - for investment purposes;
  • UAH 45.69 billion - as anti-crisis loans;
  • UAH 22.83 billion were issued as refinancing of previously received loans.

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 (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 recently 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).

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