AUB partners news

The USAID AGRO Program and the financial company Activitis are implementing a joint project to develop and implement non-bank financing instruments for the Ukrainian agricultural sector. The main goal of this project is to create an agricultural installment plan for micro, small, and medium-sized agricultural producers to help them ensure financial stability and development of their enterprises, the Activitis press service reports .

Agribusiness in Ukraine faces numerous challenges, including financial constraints and difficulties in accessing credit. In this context, agri-installment can be an important tool to help agricultural producers secure the necessary resources for their business without the need for large financial outlays at the time of purchase.

The launch of such a project in Ukraine may be of interest to Ukrainian entrepreneurs and businessmen from various sectors of the agricultural sector. Agricultural installment plans can contribute to business development, increase sales, and improve the liquidity of enterprises. In addition, such a tool can make the market more accessible to small and medium-sized agricultural enterprises, which will contribute to their growth and competitiveness.

The agri-installment project, implemented jointly by USAID AGRO and Activitis, envisages the creation of a specialized online platform called WEAGRO. This platform will enable micro, small, and medium-sized agricultural producers to purchase the necessary goods and services now and pay for them in the future. An important aspect of the project is the speed and convenience of concluding transactions, as well as the absence of the need for direct contact between farmers and financial companies. This approach makes the financing process more transparent and accessible to agricultural producers of all sizes and activities.

This project has the potential to become an important step in the development of Ukrainian agribusiness and contribute to its sustainable growth. It is expected that agricultural installments will become an affordable tool for many agricultural producers, helping them to secure the necessary resources for the efficient operation of their enterprises.

“WEAGRO - Agro Installment Plan for Agribusiness is not only an innovation in the field of quick solutions for agricultural producers to purchase goods and services, but also a powerful tool for successful development and increase of business volumes. WEAGRO is the first service for agribusiness that simplifies the process of purchasing the necessary goods and services for small farms. For suppliers of agricultural products, WEAGRO is a useful tool for increasing sales,” Activitis said in a statement.