Verkhovna Rada of Ukraine

Today's story in the section #AASuccessStories is about a small “Nyva” farm from Ternopil region. It has joined the Program to support the financing of small and medium-sized enterprise investment projects. The Program is funded by the German government through KfW and the European Union under the #EU4Business initiative. Thanks to participation in this program, “Nyva” for the second time used a chance to improve its business and receive the necessary support for development.

##AASuccessStories is a column on how Ukrainians in practice implement the Association Agreement with the EU and enjoy opportunities for cooperation with the European Union.

“Nyva” farm is located in the village of Chernykhivtsi, Ternopil region. The company is engaged in growing a variety of crops - oilseeds and grains. The land bank of the farm is over 1,300 hectares. The company employs 14 people. Deputy Head of the “Nyva” farm Taras Serbay says that they learned about the Program to support small and medium-sized enterprises more than three years ago. The farm managed to take advantage of the opportunities it offers twice. This time, thanks to the program, they bought a brand new German-made combine for harvesting. According to Taras Serbay, the productivity of the purchased equipment is much higher than analogues, which will allow to reap a harvest faster: “It will be easier for the operator to manage it, because it is more automated. There will be a better threshing of the crops we grow. As the harvest season begins, we have high hopes for this combine harvester. It will show itself at work”.

The total cost of the combine harvester is over UAH 8 million. 20% of the amount company paid from its own funds, for 80% received a loan from the Entrepreneurship Development Fund. The loan was issued to ProCredit Bank at 14%, but thanks to the State Program “Affordable Loans 5-7-9” the interest rate was reduced to 7%. “Literally in two weeks we collected the documents necessary for registration and very quickly we managed to get this combine harvester,” the deputy chairman of “Nyva” says.

The Entrepreneurship Development Fund program is designed for 4 years. It offers loans with a very low interest rates. “The program has helped us feel more confident, we can afford more, to expand our business in the future. Today we ve got a combine harvester, tomorrow may be we will buy a new tractor, we will continue working,” Taras Serbay says.

Learn more about the Entrepreneurship Development Fund program and the opportunities it offers for small and medium enterprises— https://bdf.gov.ua/uk/dlya-pidpryemstv.

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