The Black Sea Trade and Development Bank (BSTDB) has extended a US$5mn credit line to the Microfinance Bank (MFB) of
Ukraine. The loan carries a tenor of three years and is for the financing of the micro and SME sector in Ukraine. The support BSTDB is giving through MFB will benefit small enterprises, sole proprietors and entrepreneurs in various parts of the country. MFB has a proven track record in this field. Launched in January 2001, MFB has disbursed over 12,000 loans for a total of US$65mn to Ukrainian micro and small businesses during its first two years of operations.