Access to finance and MSME resilience support in Ukraine - phase II
Project term: 01.09.2023-29.02.2024
The project "Access to Finance and MSME Resilience Support II" funded by the German Government continues to support Ukrainian micro, small, and medium-sized enterprises (MSMEs), fostering their resilience during times of crisis and high risk. Businesses from de-occupied territories and war-affected regions are particularly prioritized.
The project is implemented by Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ) and German Sparkassenstiftung for International Cooperation (DSIK) together with the Business Development Fund of Ukraine. It consists of a financial and a capacity building component.
Financial component
The project supports MSME through a combination of investment or working capital loans and grants. MSMEs can access a maximum loan amount of 240,000 euros (equivalent in national currency) for purchasing, modernizing, or reconstructing fixed assets, or boosting working capital. It can be supplemented with a grant up to 30 % of the loan amount, the maximum amount of the grant is 30,000 euros (equivalent in national currency).
Financing is facilitated through partner financial institutions Oschadbank, Bank Lviv, Kredobank, and Ukrgasbank.
Capacity building component
MSMEs can also take advantage of advisory service from our partner the All-Ukrainian Association of Management Consultants “CMC-Ukraine” to develop their skills and overcome current challenges. This support covers different areas, including enhancing marketing campaigns, strategic planning.
the German Government within the international cooperation project ReACT4UA ("Utilization and Implementation of the Association Agreement between the EU and Ukraine in the field of trade").
The partners for implementation are Deutsche Sparkassenstiftung für internationale Kooperation (DSIK) in cooperation with Business Development Fund (BDF).
By working on this project, we are contributing to the fulfillment of these Sustainable Development Goals (SDGs) in accordance with the 2030 Agenda:
German Sparkassen-stiftung
The German Sparkassenstiftung for International Cooperation is the development-policy arm of the Sparkassen-Finanzgruppe. Its task is to disseminate the successful Sparkasse idea across borders and around the globe. The German Sparkassenstiftung strengthens financial institutions and promotes financial literacy for all segments of the population. This broadens access to financial services and helps to create jobs and generate income.
