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ARTICLE

Over UAH 67 billion in bank loans granted to 12,700 agricultural enterprises for development this year
Ministry of Agrarian Policy and Food of Ukraine
29 November 2023 11:29
https://www.kmu.gov.ua/en/news/ponad-67-mlrd-hryven-bankivskykh-kredytiv-otrymaly-127-tys-ahropidpryiemstv-tsoho-roku-na-rozvytok

Since the beginning of the year, 12,700 Ukrainian agricultural enterprises have received UAH 67.6 billion in bank loans for development. Of these, 9,800 enterprises received UAH 38.7 billion in loans under the Government’s Affordable Loans at 5-7-9 program.

Agricultural enterprises in the following regions received the largest amount of loans under various programs:

• Kyiv region – UAH 11.1 billion (937 enterprises);
• Dnipropetrovsk region – UAH 6.2 billion (813);
• Vinnytsia region – UAH 6.04 billion (1,441);
• Cherkasy region – UAH 5.31 billion (495);
• Kirovohrad region – UAH 4.89 billion (1,688);
• Odesa region – UAH 4.4 billion (1,099).

The following regions received the most loans under the Affordable Loans at 5-7-9 program:

• Kirovohrad region – UAH 4.14 billion (1,337 enterprises);
• Vinnytsia region – UAH 3.9 billion (1,084);
• Odesa region – UAH 3.7 billion (885);
• Kyiv region – UAH 3.65 billion (746).

BACKGROUND

The Affordable Loans at 5-7-9 programme simplifies access to bank lending for micro and small businesses. Farmers can receive a loan of up to UAH 90 million. Loans are provided at 5-9% per annum, depending on the loan category and type of business entity.