Government officials propose to reduce the interest rate for microloans to 0.8% per annum
The aim is to make microloans more affordable for repayment
Government officials are proposing to reduce the interest rate on microloans to 0.8% per annum.
This was reported by MP Olha Vasylevska-Smahliuk.
The relevant bill is being prepared in collaboration with the National Bank of Ukraine and the Committee on Finance, Taxation, and Customs Policy.
Vasylevska-Smahliuk explained that the aim of the relevant bill was to make microloans more affordable for repayment and to regulate issues concerning those debtors showing signs of manipulation.
Background. Earlier, Mind reported that micro-lending had grown by 39% in the first three months of 2023. However, the number of microloans in 2023 is still half as many as in the corresponding period before the onset of the major war.
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