A €143 million funding is aimed at microeconomies in Ukraine affected by the war between Russia and Ukraine. ProCredit Bank Ukraine, a local enterprise, will have access to a €143 million loan on a 700-organization plan, focusing on assistance to those involved in the war between Russia and Ukraine. The operation is led by the European Investment Bank (EIB), an EU organization that provides guarantees ensuring the availability of more funding for microeconomies in Ukraine.

ProCredit Bank Ukraine will be able to offer better loans, such as reduced guarantee requirements and longer repayment periods, thanks to the EIB guarantee. The funding will mainly be in Ukrainian dollars, making it easier for local SMEs to obtain loans. 'SMEs are continuing to maintain their shops even during the war,' Karl Nehammer, Vice-President of the BEI, said during a visit to Ukraine. 'The funding is only one tool to help SMEs survive the consequences of the Russian-Ukrainian war.' The operation also refers to support for SMEs involved in the war between Russia and Ukraine, veterans-led, women, and young entrepreneurs. This support will allow them to continue operations, protect jobs, and invest in projects that can lead to increasing Ukraine's economy.

The €143 million funding is expected to be available throughout the country, helping over 715 SMEs. 'The EU is solidly allied with Ukraine's private economy and its vital role in the nation's economic evolution,' Gediminas Navickas, Chargé d'affaires to the EU, said. 'With the EIB guarantee, through the European Inverter (EIF), we are helping SMEs access more favorable financing, including reduced guarantee requirements and longer repayment periods.' ProCredit Bank Ukraine will have access to more funding on a plan of 715 SMEs, thanks to the EIB guarantee. 'Supporting SMEs today is much more than offering financing,' added Karl Nehammer. 'It is a way to help SMEs survive the consequences of the Russian-Ukrainian war.'