Ukrainian business receives UAH 8B under Affordable Loans program – Marchenko

Ukrainian business receives UAH 8B under Affordable Loans program – Marchenko

Ukrinform
Since the launch of the state program "Affordable Loans at 5-7-9%", Ukrainian entrepreneurs have received loans worth about UAH 8 billion, Finance Minister Serhiy Marchenko has said.

"More than 3,000 loans, totaling UAH 8 billion, have already been granted to small and medium-sized businesses under this program [Affordable Loans at 5-7-9%]," Marchenko said.

As reported, the Cabinet of Ministers approved a resolution to launch the program "Affordable Loans at 5-7-9%" from February 1, 2020. The provision of three possible rates - 5%, 7% or 9% - on loans depends on the size of an enterprise and its duration. Additionally, the lending rate will be reduced by 0.5% per annum for each employee, but not less than 5% per annum.

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