Lending Financing Program for Small and Medium-Sized Enterprises in Ukraine from the American Development Finance Corporation (US Development Finance Corporation, DFC)
The guarantee is part of the EU4Business Framework Programme aimed at facilitating access to finance for micro and small businesses in the countries of the Eastern Partnership region. Using the funds of the European Commission, deposited in the account of Bank Gospodarstwa Krajowego, KredoBank received the guarantees to cover potential losses (up to 90% of credit debt) that may arise with regard to lending to small and medium-sized businesses, during the period of active hostilities. Such a guarantee instrument makes it possible to finance customers in higher-risk regions of Ukraine.
The facility, under the EBRD program "Ukraine-Resilience & Livelihoods Guarantee", may cover 50% of credit risk.
Portfolio insurance in cooperation with the Ukrainian Export Credit Agency (ECA) covering 85% of debt. The Program is designed to support Ukrainian exporters who can obtain financing from the Bank without additional collateral.
Payment of investment incentives (cash back) in favor of bank borrowers who receive an investment loan or leasing from the Bank
The government covers 50% of the total amount of liabilities on the principal debt in the loan portfolio and up to 70% on each individual loan if the borrower fails to fulfil its obligations under the loan agreement.
The loan program for investment projects with additional grant and consulting support for business operations implemented by the German government company Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in partnership with German Sparkassenstiftung für international Kooperation (DSIK) and the Ukrainian Entrerpreneurship Development Fund.
The guarantee is part of the EU4Business Framework Programme aimed at facilitating access to finance for micro and small businesses in the countries of the Eastern Partnership region. Using the funds of the European Commission, deposited in the account of Bank Gospodarstwa Krajowego, KredoBank received the guarantees to cover potential losses (up to 90% of credit debt) that may arise with regard to lending to small and medium-sized businesses, during the period of active hostilities. Such a guarantee instrument makes it possible to finance customers in higher-risk regions of Ukraine.
Portfolio insurance in cooperation with the Ukrainian Export Credit Agency (ECA) covering 85% of debt. The Program is designed to support Ukrainian exporters who can obtain financing from the Bank without additional collateral.
The government covers 50% of the total amount of liabilities on the principal debt in the loan portfolio and up to 70% on each individual loan if the borrower fails to fulfil its obligations under the loan agreement.
