Germany has allocated for lending to Ukrainian business of 300 million hryvnia

In Ukrainian small and medium businesses a new source of financing its development. Loans they will be able to take in four banks which are parties to the new programs German-Ukrainian Fund for a total amount of 300 million UAH.

Documents about the beginning of the programme was signed by Deputy Minister of Finance of Ukraine Yuriy Butsa, Executive Director of the German-Ukrainian Foundation Oleg Stringa, Director of the German development Bank KfW in Ukraine Lutz horn-Haacke. This writes UNIAN.

Means entrepreneurs will be issued through the “ProCredit Bank”, “Ukrgasbank”, “Oschadbank” and “Creditwest Bank”.

“Our main target group are small and medium-sized enterprises up to 250 employees and a maximum loan amount of 250 thousand euros,” – said the Deputy head of the German-Ukrainian Fund Valeriy Mayboroda.

German-Ukrainian Fund is a non-banking financial institution established in 1999. The participants are the national Bank and the Ministry of Finance and German development Bank KfW.

We will remind, the Ministry of Finance has launched an electronic register of VAT recovery for business.

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