--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20210729-ostchem-launches-a-new-credit-program/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Ostchem launches a new credit program Publication Date: 2021-07-29T13:00:50-04:00 Last Updated: 2021-07-28T16:24:36-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Ostchem launches a new credit program](https://www.fertilizerdaily.com/wp-content/uploads/2021/07/melissa-askew-1fBUD5Dcmys-unsplash-1-scaled-1.jpg) Farmers will receive loans on preferential terms. Ostchem Retail, the retail department of Ostchem, signed an agreement with Megabank to launch a new credit program for agricultural enterprises in Ukraine. It will allow Ukrainian farmers to receive seasonal loans for purchasing mineral fertilizers of domestic production on preferential terms. The signed agreement stipulates that Ostchem Retail will partially subsidize rates on such loans. Within the partnership, farmers will receive loans for a period of 2 to 18 months, and loan rates will start from 0.1% per annum in hryvnia and foreign currency. “Such loan programs are especially relevant now, when fertilizer prices are lower than in the high season, and there are still several months left before the sale of yields and receipt of income,” noted Evgeny Khurylenko, Head of Ostchem Retail. Tags: [nitrogen fertilizer](https://www.fertilizerdaily.com/tag/nitrogen-fertilizer/), [Ostchem](https://www.fertilizerdaily.com/tag/ostchem/), [Ukraine](https://www.fertilizerdaily.com/tag/ukraine/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.