Last week, entrepreneurs received 412 soft loans totalling UAH 1.8 billion from authorised banks under the state programme "Affordable Loans at 5-7-9%", including 330 loans from public sector banks for about UAH 1.2 billion.

Since the beginning of 2024, entrepreneurs have received 14,645 loans worth UAH 55.2 billion under the Programme, including 11,101 loans worth UAH 28.8 billion from public sector banks.

During the period of martial law in Ukraine, 58,787 loans worth UAH 232.5 billion have been issued (including 44,135 loans worth UAH 119.2 billion by public sector banks), of which, as of 12 August this year:

- UAH 23.06 billion - for investment purposes;

- UAH 63.08 billion - for working capital financing;

- UAH 39.38 billion - loans to agricultural producers;

- UAH 19.41 billion - for the processing of agricultural products;

- UAH 57.58 billion - for anti-war purposes;

- UAH 16.34 billion - lending in the area of high military risk.

A total of 93,609 loan agreements worth UAH 322.1 billion have been signed since the start of the Programme, including 64,611 agreements worth UAH 145.8 billion by public sector banks.

The programme is implemented by the Entrepreneurship Development Fund (EDF), whose sole participant is the Government of Ukraine, represented by the Ministry of Finance, which coordinates all aspects of the Fund’s activities.

To date, under the Government’s Affordable Loans at 5-7-9% programme the EDF has concluded cooperation agreements with 46 banks. The state continues to make all necessary compensation payments to businesses under the loan agreements concluded within this programme.

On 27 December last year, in order to expand the opportunities for entrepreneurs to receive state support, the Government amended the Procedures regulating the provision of financial state support under the 5-7-9% programme at the initiative of the Ministry of Finance. First of all, the restrictions on receiving state support for certain categories of enterprises affected by the hostilities have been lifted. In addition, as part of the agreements with the IMF, the amendments provide for the focus of the 5-7-9% programme exclusively on micro, small and medium-sized enterprises.

To streamline the Government’s Affordable Loans at 5-7-9% and Affordable Financial Leasing at 5-7-9% programmes under martial law, the Government adopted Resolution No. 229 “On amendments to certain resolutions of the Cabinet of Ministers of Ukraine on providing financial state support to business entities” dated 14 March 2023.

Also at the end of last year, the Affordable Factoring programme was launched, a new financial instrument under the Affordable Loans at 5-7-9% programme to provide micro, small and medium-sized enterprises with working capital.