PrivatBank and TIMAC AGRO UKRAINE have expanded their partnership program to support agricultural producers. This initiative aims to provide farmers and agricultural companies with accessible financing for the purchase of granular fertilizers, micronutrients, and modern plant nutrition solutions.
The core of the partnership program is straightforward: using PrivatBank promissory notes, agricultural producers can finance up to 80% of the cost of goods and settle the payment at the end of the year. A promissory note avalized by PrivatBank allows farmers to settle payments with distributors of TIMAC AGRO UKRAINE on deferred payment terms of up to 9 months. The special financing terms include a one-time fee of only 1% of the note amount at the time of processing, with no further costs. The price of the goods is fixed in hryvnias on the date of delivery.
The program is aimed at a wide range of agricultural producers. The list of products available under the program includes complex granular fertilizers, micro-granular, water-soluble, and liquid fertilizers, as well as modern biostimulants, including seaweed-based products.
According to Mykhailo Kovaliov, Head of the Documentary Operations and Trade Finance Department at PrivatBank, rapid access to financing remains one of the key factors for the stable operation of the agricultural sector. "Together with TIMAC AGRO UKRAINE, we are launching a program that gives agricultural producers the opportunity to pay for the partner's products with a payment deferral of up to 9 months without diverting unnecessary resources to obtain a quality harvest. For farmers, simple and understandable financing terms are important, especially in the current conditions where every harvest is of strategic importance," he noted.
Products can be purchased from official distributors of TIMAC AGRO UKRAINE. The company itself is part of the French Roullier group and has been developing innovative solutions in the field of crop nutrition in Ukraine for over 10 years.