KYIV. April 28 (Interfax-Ukraine) – Kredobank (Lviv) in partnership with U.S. Western NIS Enterprise Fund (WNISEF) has started crediting small and medium enterprises (SMEs) on beneficial conditions, the bank’s press service has reported.
The bank said that the agreement between the bank and the fund was signed in April as part of the Economic Leadership Program, Export Promotion Policy Program, Impact Investing Program and Local Economic Development Program.
Earlier state-run Oschadbank joined the implementation of the programs.
Ukrainian enterprises would be able to receive affordable loans and individual businessmen in some cases. The entities are to realize social programs or settle some social issues of vulnerable people.
The bank said that these companies will be able to get credits from $10,000 to $100,000 in the hryvnia equivalent at 5-9% per annum for the term of up to 24 months to replenish working capital and up to 36 months to buy equipment, vehicles or property.
Own payment by the borrower for credits to buy equipment and property is to be from 10% to 30% of the cost of equipment or property.
