Oschad and LIDEA offer agribusinesses preferential loans for the purchase of field crop seeds

Oschadbank and Lidea Seeds Ukraine have launched a partnership program for agrarians that provides favorable lending terms for the purchase of seeds. Lidea offers Ukrainian agricultural producers a wide range of hybrids and varieties of the following crops: corn, sunflower, sorghum, winter rape, soybeans, winter wheat, lucerne, etc.

 Main terms of the program:

• interest rate - from 0.01% per annum in UAH for up to 9 months;
• maximum loan term - up to 12 months;
• loan amount without collateral - up to UAH 3 million or UAH 6 million with a state guarantee.

There is no commission when issuing a loan. The repayment schedule is adapted to seasonality. Borrowers under this program will provide Oschadbank with a simplified list of documents and can count on priority consideration of their application, as well as a shorter time for making a loan decision.

“Oschadbank continues to support its customers, in particular farmers and agricultural producers, for whom the period of the full-scale invasion is not only a matter of economic survival, but also of preserving their business. Thanks to the flexible and simple terms of the new partnership program from Lidea and Oschad, agrarians have the opportunity to obtain a loan at preferential rates to replenish working capital and optimize the cost of purchasing seeds. The development and expansion of partnership programs is a strategic goal for Oschadbank. Only together, despite all the challenges, can we mitigate the risks to food security in the country and preserve the production potential that will be needed for the post-war reconstruction of the Ukrainian economy,” said Natalia Butkova-Vitvitska, Member of the Management Board of Oschadbank, responsible for micro, small and medium-sized businesses.

“High-quality seed is the basis for a good harvest and high profits. Today, Ukrainian farmers face a number of challenges, and our task as a partner is to help them overcome them. That is why Lidea is constantly working to expand and improve the financial instruments it offers to its customers. We are ready to assist agricultural producers in obtaining favorable lending terms as much as possible,” said Serhiy Boot, Deputy CEO of Lidea.

To meet the needs of agrarians, including the sowing campaign, Oschadbank has provided loans totaling more than UAH 30 billion since the beginning of the full-scale invasion.

For more information on loan terms and conditions, as well as to apply, please visit Oschadbusiness website or call the Contact Center for business clients at 0 800 219 800.

Lidea is a modern and innovative multicultural brand that offers Ukrainian agricultural producers a wide range of varieties and hybrids of the following crops: corn, sunflower, sorghum, soybeans, winter rape, winter wheat.  The company's seeds meet the needs of farmers to the maximum extent possible and have required biological characteristics (high content of valuable substances, oil, protein, etc.).