Guarantee of the European Commission for lending to Ukrainian business in terms war

Who can use it:

Сurrent and new clients of the bank are micro, small and medium-sized enterprises that operate primarily in the field of crop production, animal husbandry and agricultural products processing. Under the terms of the program, at least 50% of the guarantee price shall be provided to the enterprises operating in active combat zones or near these territories.

Loan objectives:

Investment loans, working capital replenishment loans

Coverage:

90% of the loan amount

Donor:

European Commission

Ability to combine with other programs:

Affordable Loans 5-7-9%, Support for Investment Projects of Small and Medium-Sized Enterprises from the Business Development Fund

Additional information:

Kredobank became the first Ukrainian commercial bank to attract direct loan guarantees from the European Commission and, thanks to this, will be able to lend to enterprises from active combat zones. The loan guarantees in the amount of 10 million Euros that can be increased up to 20 million Euros from the 13th month of the program implementation will be provided from the funds of the European Commission under the "blending" - a mechanism for combining reverse financing tools with subsidized instruments.