Oschadbank and Elvorti offer farmers a financing program for agricultural machinery on attractive terms

Oschadbank is expanding its cooperation with leading agricultural machinery manufacturers and launching a partnership program with Elvorti, the largest domestic manufacturer of sowing and tillage equipment in Ukraine, whose products are exported to 15 countries in Europe and Asia.

The plant manufactures sowing, tillage and harvesting equipment for the agricultural sector, in particular, specializing in the production of seeders for sowing grain and arable crops, cultivators for continuous and inter-band soil tillage.

As part of the partnership program, agrarians - MSME clients - are provided with financing for the purchase of new equipment from 0.01% for up to 84 months, with a 1% loan disbursement fee.

Among the benefits of the program:

- priority consideration and reduced time for making a loan decision;

- a simplified list of financial documents to be submitted for a decision;

- no requirements for valuation and notarization of collateral;

- prompt communication with a personal manager responsible for partnership programs at the regional level.

"In these exceptional times, we realize that we need to provide even more financial solutions to support strategic sectors of the economy. Therefore, we continue to expand the list of partnership programs to provide Ukrainian farmers with preferential financing on terms better than the general market conditions. Currently, Oschad has more than three hundred such programs, which, for example, allow farmers to cover all their needs for machinery and consumables," said Natalia Butkova-Vitvitska, Member of the Management Board of Oschadbank responsible for MSME.

"Agriculture is a key sector of the Ukrainian economy, and its success largely depends on access to modern machinery. However, the purchase of new agricultural equipment, such as ELVORTI machinery, can be a significant financial challenge for many farmers and requires financing. That is why, preferential lending for machinery is a critical aspect for the development of the agricultural sector of Ukraine," said Serhiy Kalapa, Chairman of the Board and CEO of the Elvorti company.

Contact OschadBusiness for details and advice: 0 800 219 800.