Farmers in Rivne region get UAH 792M worth of loans

The regional military administration said this in a post on Telegram, Ukrinform reports.

"This year, 131 farmers in the Rivne region received UAH 792 million in loans for a successful business. In particular, 95 entities of the agricultural sector used the state program 'Affordable Loans 5-7-9.' The volume of loans under portfolio guarantees amounted to UAH 177.6 million," the post said.

In the last 20 days of July alone, 14 agricultural enterprises in the region received UAH 34 million from banking institutions. Using these funds, agricultural producers will be able to successfully carry out harvesting operations and prepare for the next sowing campaign.

From January 1 to July 18, 2023, more than 9,000 Ukrainian farmers received almost UAH 42.7 billion in bank loans for farm development.