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  • Ministry of Finance: On the outcomes of the week, entrepreneurs received 738 soft loans to the tune of UAH 3.09 billion under the program "Affordable Loans at 5-7-9%"
    Ministry of Finance of Ukraine, posted 02 May 2022 13:18

    Last week, 738 soft loans totaling UAH 3.09 billion were issued within the framework of the State Program "Affordable Loans at 5-7-9%".

    Since the start of the Program, as of May 2, 2022, business entities have received 38,462 loans from authorized banks for a total amount of UAH 102.6 billion.

    Of those:

    - UAH 10.2 billion issued to entrepreneurs for investment purposes;

    - UAH 57.7 billion as anti-crisis loans;

    - UAH 24.8 billion as refinancing of previously received loans;

    - UAH 9.3 billion - loans for agricultural producers, in particular for investment purposes.

    Under conditions of martial law, one of the priorities of the Ministry of Finance remains state support for business development, which is carried out, including through the program Affordable Loans at 5-7-9% initiated by the President of Ukraine Volodymyr Zelenskyy.

    Hence, in March this year to support agricultural producers in order to ensure the spring sowing campaign, as well as to support and intensify entrepreneurial activity during martial law, the Government has made a number of changes to the State Program Affordable Loans at 5-7-9%. The changes provide for significant simplifications for lending, in particular, the possibility of obtaining soft loans at 0% per annum with a guarantee from the Government of Ukraine at the level of 80%.

    The Ministry of Finance calls on business representatives and banking institutions to actively participate in the implementation of innovations. The program is implemented by the Entrepreneurship Development Fund (EDF). The only participant of the EDF is the Government of Ukraine, represented by the Ministry of Finance of Ukraine, which coordinates all aspects of the Fund's activities.

    To date, the EDF has concluded cooperation agreements with 42 banks under the State Program Affordable Loans at 5-7-9%.

    It should be noted that there is also an affordable financial leasing program for businesses.