Over the past week, entrepreneurs received 433 concessional loans totalling UAH 1.5 billion from authorised banks under the Government’s Affordable Loans at 5-7-9% programme, including 279 loans from public sector banks for over UAH 0.7 billion.

During the period of martial law in Ukraine, 69,321 loans worth UAH 271.9 billion were issued (including 51,394 loans worth UAH 136.4 billion by public sector banks), of which as of 6 January this year:

• UAH 32.40 billion – for investment purposes;
• UAH 69.13 billion – for working capital financing;
• UAH 40.97 billion – loans for agricultural producers;
• UAH 30.94 billion – for the processing of agricultural products;
• UAH 1.67 billion – to finance energy services;
• UAH 57.47 billion – for anti-war purposes;
• UAH 25.82 billion – for lending in the high-risk combat zone.

A total of 104,143 loan agreements worth UAH 361.5 billion have been signed since the start of the programme, including 71,870 agreements worth UAH 163 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 key aspects of the Fund’s activities.

Under the Affordable Loans at 5-7-9% programme, the EDF has entered into cooperation agreements with 46 banks. The state continues to make all necessary compensation payments to businesses under the loan agreements concluded under the programme.

On 13 September last year, the Government supported the amendments proposed by the Ministry of Finance to improve the processes of providing financial state support to micro, small and medium-sized enterprises, which is especially important in the context of a full-scale war. First of all, it concerns the development of the state programmes “Affordable Loans at 5-7-9%”, “Affordable Financial Leasing at 5-7-9%” and “Affordable Factoring”.