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Ukrainians Can Receive Up to $2600 for Business Equipment
In Ukraine, a financial assistance program is accepting applications for the start-up, revival, or expansion of microbusinesses. Under the Prosper Global program, funded by Switzerland, applicants can receive up to $2600 in local currency for purchasing equipment and tools for their business. The program is open to individuals with business ideas and existing entrepreneurs looking to restart or expand their current business. The application is on a competitive basis, and successful applicants do not guarantee funding. The program is available to internally displaced persons living in Kyiv, Kyivska, Chernigovska, Dnipropetrovsk, and Odesa regions, as well as local residents from affected communities. The maximum grant amount is $2600 in local currency, based on the National Bank of Ukraine's exchange rate. The funds can be used to purchase equipment, machinery, tools, and other necessities for business operations. For example, the money can be used to set up a studio, buy sewing or manufacturing equipment, or purchase equipment for a community restaurant. The grant cannot be used for rent, repairs, advertising, salaries, or other current expenses. Agricultural business ideas are not supported under this program. In addition to financial assistance, participants can receive training, mentorship, and support for business planning and development. The program is managed by The Project.