OREANDA-NEWS. March 29, 2011. "MEGABANK" PJSC offers farmers support in successful holding of sowing campaign. For this purpose the bank has developed and operates microcredit program highly targeted to private farms, farmers and small agricultural enterprises. Representatives of this target group can get a credit in "MEGABANK" much easier than in other banks because the procedure of crediting agrarians is simplified, reported the press-centre of MEGABANK.

The bank offers SME clients loans of up to 2 mln UAH. for up to 3 years for the purchase of fixed assets, up to 1 year - to replenish current assets.

In addition, at the beginning of the year, the bank significantly reduced the amount of fee for use of credit resources which greatly increased demand for microcredit products. Now it is especially important for agribusiness clients who need additional funding for ongoing agricultural activities.

Reference. In 2010 the microcredit portfolio of "MEGABANK" for agribusinesses grew by 12%.