The state financed business for 44 billion hryvnias: who received the most money
2 July 21:18
Since the beginning of 2025, Ukrainian entrepreneurs have attracted 13,970 soft loans under the program “Affordable loans 5-7-9%” for a total of UAH 44.3 billion. This was reported by "Komersant Ukrainian" citing information from the Ukrainian Economy Ministry.
For the entire period since the launch of the program in February 2020, business has received 118,400 loans with a total value of UAH 410.4 billion. Only last week, program participants were processing 408 loans for more than UAH 1.5 billion.
In the first half of 2025, Ukrainian business received about 14 thousand soft loans totaling more than UAH 44 billion. The program supports entrepreneurs of the real sector of the economy. The overwhelming majority of loans are aimed at financing investment projects, development of processing facilities and support for businesses in areas of high military risk, – said the Deputy Minister of Economy of Ukraine Andriy Telyupa.
Key sectors of attracting financing
According to official data, since the beginning of the year, the amounts have been directed to the following tasks:
- 12.3 billion UAH – for the development of the processing industry;
- uAH 11.4 billion – general purpose investment loans;
- uAH 9.9 billion – programs for businesses in high military risk zones.
The majority of loans were received by enterprises of the processing, agriculture, wholesale and retail trade sectors. This indicates the program’s focus on the real economy and important sectors.
Geography of support
The most active regions in terms of the volume of concluded transactions were:
- Lviv region
- Dnepropetrovsk region
- Kiev region
- Odessa region
- Kharkiv region
- Vinnytsia region
- Poltava region
- м. Kyiv
These regions demonstrate high business activity and resilience despite the wartime challenges.
Banking partners of the program
The program has already attracted 46 authorized banks. The most transactions were carried out by:
- PrivatBank – 54.9 thousand loans;
- Oschadbank – 18.1 thousand loans;
- Ukrgasbank – 6.5 thousand loans.
The specialized ministry says that such statistics is evidence of effective cooperation between the state and key financial institutions and their willingness to participate in government initiatives.
The mechanism of the program
The program “Affordable Loans 5-7-9%” works on the model of subsidizing interest rates or providing state guarantees. It is implemented through the Entrepreneurship Development Fund and a network of authorized banks. The goal is to promote the growth of micro, small and medium-sized businesses through cheaper credit resources, in line with the “Made in Ukraine” strategy.
Impact on business: time, efficiency, recovery
The first figures demonstrate the weighty effect of the program. It consists in:
1. Time saving. Preferential loans significantly reduce business costs for preparation of documents, passing commissions and negotiation pauses.
2. Focus on key sectors. Investment and processing tariffs facilitate modernization of industrial capacities and access to new production technologies.
3. Government support for businesses in crisis. Businesses in the immediate war risk zone receive funding for stabilization projects – equipment upgrades, personnel maintenance, and infrastructure rehabilitation.
Challenges and opportunities for improvement
Despite the scale of support, there are several challenges. Among them:
- the need for increased targeting;
- the need to target funds to innovative industries and value-added technology startups;
- facilitation of procedures. Regulatory mechanisms need to be updated, simplifying access and reducing bureaucratic barriers for small farmers and producers;
- strengthening controls. It is important to take measures to prevent abuse and optimize the procedure for monitoring allocated funds.
Forecast and strategic importance
The program shows that government initiatives can be an effective tool to stimulate economic activity. Provided that the pace of funding is maintained, Ukraine will be able to: strengthen its industrial base and export competitiveness, ensure business sustainability in wartime conditions, and strengthen investor confidence by demonstrating real results of macro support.
And further success of the program will depend on the speed of its adaptation to the challenges of the time, integration into the digital ecosystem and transparency in the use of resources.
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