This pioneering initiative will improve access to finance over the next five years, contributing to scale up digital financial solutions and piloting insurance to 500,000 low-income farmers, including women, youth entrepreneurs.

By addressing the need for improved access to financial services and support for MSMEs in agriculture, the project aims to contribute to the creation of jobs and the sustainable and inclusive economic development of the sector.

The general objective is to test a tailor-made and innovative agricultural product for smallholder farmers and expand the loan products to rural areas.

Small farmers will have improved access to finance given a new endeavor that aims to boost capital markets development in Ukraine, enabling refinancing opportunities for creditors in agriculture.

Through the investment, the partners aim to facilitate farmers’ ability to access much-needed financing to sustain their businesses using local currency.

UAH funding equivalent to EUR 20 million to be on-lent in local currency to small farmers and producers to support economic recovery during COVID-19 crisis.

EFSE partners to provide agricultural businesses with much-needed liquidity in local currency to combat economic effects of coronavirus crisis.