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Ministry of Finance: Last week, entrepreneurs received 510 concessional loans worth UAH 1.6 billion under Government’s Affordable Loans at 5-7-9% programme

Ministry of Finance of Ukraine, posted 07 October 2024 14:33

Over the past week, entrepreneurs received 510 concessional loans totalling UAH 1.6 billion from authorised banks under the Government’s Affordable Loans at 5-7-9% programme, including 393 loans from public sector banks totalling UAH 0.8 billion.

Since the beginning of 2024, entrepreneurs have received 18,157 loans worth UAH 67.9 billion under the programme, including 13,851 loans worth UAH 35.9 billion from public sector banks.

During the period of martial law in Ukraine, 62,299 loans worth UAH 245.2 billion have been issued (including 46,855 loans worth UAH 126.3 billion by public sector banks), of which as of 7 October this year:

  • UAH 26.66 billion – for investment purposes;
  • UAH 64.38 billion – for working capital financing;
  • UAH 39.82 billion – loans for agricultural producers;
  • UAH 22.91 billion – for the processing of agricultural products;
  • UAH 57.56 billion – for anti-war purposes;
  • UAH 19.74 billion – for lending in the area of high combat risk.

A total of 97,121 loan agreements worth UAH 334.8 billion have been signed since the start of the programme, including 67,361 agreements worth UAH 152.9 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 Government’s Affordable Loans at 5-7-9% programme, the DGF 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 this year, the Government supported the changes 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 Government’s Affordable Loans at 5-7-9%, Affordable Financial Leasing at 5-7-9%, and Affordable Factoring programmes.

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