In order to reduce the negative impact on small and medium-sized enterprises during the quarantine period in the Kyiv, the city authorities renewed cooperation with the Enterprise Development Fund.

The Kyiv city budget 2020 provides 7 million UAH for financial support of small and medium-sized businesses. The main fund manager is the Department of Industry and Enterprise Development.

These funds will compensate 50% of the nominal interest rate set by the loan agreement for eligible entrepreneurs in Kiev. The loan rate agreed by the parties, between JSC "Creditwest Bank", as a partner of the Enterprise Development Fund, and Kyiv Municipal State Administration, will be 13% per annum.

Due to compensation from the city budget, the interest rate on the loan for entrepreneurs will be 6.5% per annum.

Participants of the program can be economic entities - residents of Ukraine, registered in the Kiev, whose production facilities are wholly or partly in the capital or the Kiev region, which fall under the category of small and medium-sized business entities.

Purpose of the loan: purchase or modernization of fixed assets, construction, reconstruction, purchase of premises, creation of new production.

Detailed conditions for participation in the program at: SME program