Ministry of Finance: For the period from February 21 to April 11, 2022, entrepreneurs received 1,391 loans worth UAH 3.95 billion within the program Affordable Loans at 5-7-9%

For the period from February 21 to April 11, 2022, within the State Program Affordable Loans at 5-7-9% there were issued 1,391 loans totaling UAH 3.95 billion.

Since the start of the Program, representatives of micro, small and medium enterprises (SMEs) have received 36,213 loans from authorized banks totaling UAH 93.6 billion.

In the conditions of martial law, one of the priorities of the Ministry of Finance

remains state support for the development of SMEs, 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 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 80%.

The Ministry of Finance calls on business representatives and banking institutions to actively participate in the implementation of innovations. The program is fulfilled 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.

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