Challenge
Small business support in Ukraine is critical to the country's economy. Russia’s unprovoked war against Ukraine has severely disrupted livelihoods and businesses, including agricultural production. It has hindered exports and forced many small businesses to relocate or close. Small businesses, which are the engines of the economy, are seeking additional financial support.
Solution and Impact
DFC, in collaboration with the USAID mission in Ukraine, is providing a $15 million loan portfolio guaranty to Bank Lviv—a major commercial bank in Western Ukraine—to deliver immediate support to Ukrainian small businesses, including women-owned businesses and smallholder farmers. DFC guaranteed loans will help small businesses remain open, providing employment, maintaining trade linkages, and supporting the economy.
