Access to Finance and SME Resilience Support


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

German project partner


15.11.2022 - 15.08.2023

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:

  • In cooperation with the BDF, a programme is being set up at Oschadbank and Bank Lviv under which MSMEs can take out a loan for investment capital or working capital of up to EUR 240,000 and receive a non-repayable grant of up to 30 %, with a maximum of EUR 30,000. 
  • Particular support is to be given to companies that have had to relocate to a safer place within Ukraine because of the war. 
  • In general, however, the grant is also open to all existing customers who have been affected by the war. 
  • All companies with an annual turnover of up to EUR 10 million are eligible to apply, with the exception of arms production, alcohol, drugs, etc.

Deutsche Sparkassenstiftung für internationale Kooperation e.V.
Simrockstraße 4, 53113 Bonn

Phone: +49 228 9703-0
Fax: +49 228 9703-6613 or -6630

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