From now on, enterprises of the Kyiv region will be able to receive additional interest compensation for loans from Agroprosperis Bank within the framework of the state program "Affordable loans 5-7-9%". The corresponding joint program was signed on May 18 by Agroprosperis Bank, the Kyiv Regional Military Administration and the Entrepreneurship Development Fund.
As part of this initiative, the Kyiv OVA will additionally reimburse the authorized banks for the interest on the loan that the business would have to pay, by reducing the compensatory interest rate to 0% per annum. Such credit support from the regional government will contribute to the improvement of business activity, business development and further recovery of the region's economy.
According to the chairman of the board, Serhii Shchepanskyi, Agroprosperis Bank is trying to simplify financing and reduce the debt burden of as many of its clients as possible during the war. "Agroprosperis Bank specializes in lending to small and medium-sized businesses, and we are happy to offer our borrowers another opportunity to get affordable credit. We are convinced that this program will help create new jobs and increase the sustainability of local business, and therefore contribute to the recovery and development of the region," Serhiy shared.
How to get a full interest refund on a business loan
The initiative can be used by micro, small and medium-sized enterprises of the Kyiv region that received a loan under the state program "Affordable loans 5-7-9%" for the implementation of an investment project aimed at creating or preserving jobs during martial law.
According to the conditions of the program, the maximum amount of the investment loan is UAH 60 million, and the maximum term is 5 years. The received funds can be used for the purchase or modernization of the company's fixed assets and business expansion.
Affordable loans of 5-7-9% in Agroprosperis Bank
Since 2020, Agroprosperis Bank has been an active participant in the state program "Affordable loans 5-7-9%". Today, soft loans under this program make up more than half of our loan portfolio. Most of the financing was received by enterprises for a period of 12-18 months to replenish working capital.
The companies that received affordable loans from Agroprosperis Bank under the 5-7-9% program were able to grow almost by 11% by the number of employees in the military year of 2022! And from now on, thanks to the initiative of Kyiv OVA, even more businesses will be able to grow, develop and create new jobs. Read more about the conditions of the program on our website in the Affordable loans 5-7-9% section.