OREANDA-NEWS. On May 22, 2009 Within the framework of micro lending on the line of EBRD Megabank has started the projects of lending to small agricultural businesses. The first "Micro-agrocredit" credit was received by the client of Izum region of Kharkov oblast, which cultivates 221 hectares of sown area, reported the press-centre of Megabank.

As emphasized the Megabank’s head of microlending department Oleg Gaber, considering the big need in circulating assets for agricultural entrepreneurs and support of agriculture as a whole for the economy of Ukraine, the bank further plans to finance entrepreneurs of this economic sector.

Reference. PLC Megabank together with the program of microlending in Ukraine has implemented new products for small and mid-sized businesses. For entrepreneurs (including personal agricultural businesses), the activity of which is related to production and processing of agricultural products, livestock, infrastructure, servicing this sector (suppliers of agricultural equipment, protection means, forages), the bank offers banking products "Express-agrocredit" and "Micro-agrocredit".

"Express-agrocredit" the amount of credit is up to UAH 30 000, period of use up to 12 months.

"Micro-agrocredit" credit amount up to UAH 250 000, period of use up to 36 months (for acquisition of fixed assets).