|
||||||||
| ENG | УКР | РУС |   |
|||||||
 |
••• Donors |
| ••• IPC | |
| ••• How to become a partner |
|
•••GUF - GERMAN-UKRAINIAN FUND |
|
The Background of the GERMAN-UKRAINIAN FUND It is well-known that small and medium-sized enterprises (SMEs) in Ukraine are facing numerous problems and obstacles. One of them is the almost complete lack of access to credit funds from the banking system. This is why it is particularly important that the international community offer refinancing and "know-how" to national commercial banks.History of the GERMAN-UKRAINIAN FUND In September 1996 in order to improve the financing situation for SMEs in Ukraine the German government had initiated the establishment of a special credit fund - the German-Ukrainian Fund (GUF) - with the initial capital of EUR 5.1 million, provided to Ukraine free of charge as a non-repayable grant in frames of TRANSFORM programme by the Kreditanstalt fur Wiederaufbau (KfW).The GUF is a financial institution of a special kind with statutory capital to EUR 16.3 million, which functions in the way of a "perpetual revolving" credit fund and provides loans at moderate interest rates to micro and small enterprises (MSE) to foster their further development, and is not profit oriented. The Target Groups And Loans Of The Guf The GUF has two target groups. One target group of the GUF consists of private Ukrainian micro and small enterprises - legal entities and private entrepreneurs - employing up to 250 persons. Another target group consists of Ukrainian commercial banks interested in receiving systematic technical assistance to prepare and train them for the task of micro and small business lending. Acomplishments Within the framework of the German-Ukrainian Fund, MSEs have received on-going access to credit funds for financing working capital and purchasing fixed assets for the purpose of expanding their business activities. In partner banks were created micro lending departments with qualified micro loan officers, trained to service micro and small borrowers. Any MSE, which complys with GUF requirements can receive necessary financing within the framework of the GUF, after contacting the nearest participating branch of any of partner-banks of. This way the GUF, while strengthening the SME sector, is making a significant and lasting contribution to the process of economic reform in Ukraine. |
|
|
Financed by |
    |