Entrepreneurship Development Fund to finance Ukrainian business in the energy sector for 120 million UAH

Entrepreneurship Development Fund to finance Ukrainian business in the energy sector for 120 million UAH

A loan agreement was signed with Lviv Bank

Entrepreneurship Development Fund to finance Ukrainian business in the energy sector for 120 million UAH

What happened? The Entrepreneurship Development Fund (EDF) and Lviv JSCB (Bank Lviv) have signed a loan agreement under which about 120 million UAH will be used to finance investments of small and medium-sized enterprises in the field of energy supply and energy efficiency.

Source. The press service of the Ministry of Finance.

Details. The project is funded by the German government through the German Development Bank KfW in accordance with the Loan and Grant Agreement concluded with the Ministry of Finance of Ukraine and the Entrepreneurship Development Fund.

It is noted that lending will be in national currency, which will avoid currency risks. This financing can also be combined with the Affordable Loans 5-7-9% state programme.

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