Country
Ukraine

Local project partner
Business Development Fund (BDF)
Oschad Bank
Bank Lviv

German project partner
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Donor
GIZ

Duration
15.11.2022 - 15.05.2023

Most micro, small and medium-sized enterprises (MSMEs) in Ukraine are directly and indirectly affected by the war. Micro, small and medium-sized enterprises account for 99.8% of all enterprises in Ukraine, 96% of which are micro enterprises. Before the war, MSMEs employed 63% of all employees in Ukraine and generated 49% of value added in the business sector. Given their importance to the economy, the National Council for the Recovery of Ukraine from the War has identified the revitalization of MSMEs as a second priority for major reforms in the July 2022 reconstruction plan. The Russian war on Ukraine has severely damaged the development of MSMEs in the country, exposing them to another severe external shock immediately after the Covid 19 pandemic.

MSMEs need funding to replenish working capital, restore destroyed assets, modernize their production, and sustain operations.

The objective of the project is to support the Business Development Fund and its partner financial institutions to establish and implement an MSME investment and working capital grant facility.

Terms of Reference:

Grantees will be trained and mentored in entrepreneurial skills by DSIK technical staff.
Support the enterprise development fund and banks in marketing and implementation.