OKKO GROUP HAS PROVIDED UKRAINIAN AGRICULTURAL PRODUCERS WITH 5 BILLION UAH OVER THE PAST 10 YEARS

OKKO Group has been on the scene of agricultural financing market for over the past 10 years and has already provided Ukrainian agricultural producers with material and financial support totaling 5.05 billion UAH. In return, there was received over 1 million tons of harvested crops — wheat, corn, rapeseed, sunflower, and soybeans. The last season has amounted with the financing volume of 622 million UAH and in the current season, it has already exceeded 500 million UAH, while the process of concluding new agreements is still ongoing.

OKKO provides farming enterprises with fuel, mineral fertilizers, energy resources, or “working capital” against the future harvest. Therefore, a partnership with OKKO can cover up to 60% of a farmer’s expenses for planting season. At the same time, the farmer secures a guaranteed buyer for the product in the future, and can allocate the freed-up funds toward investment needs, purchasing extra land, etc.

Every year, OKKO’s clients include farmers with a total land bank averaging 250,000 hectares. 80% of them are small and medium-sized farms with up to 3,000 hectares of arable land.

“Farmers in this segment feel the most acutely shortages in financial resources during spring fieldwork. That is why we have simplified the bureaucratic and legal procedures for obtaining the necessary goods or funds as much as possible for them. A client can receive a preliminary decision on taking part in our program within 24 hours, and complete the financing paperwork within three days. Such efficiency is particularly important at the start of the planting season, which is highly dependent on weather conditions, and every day during this period is crucial for farming”, SAID KSENIA GUSEVA, HEAD OF THE AGRICULTURAL SECTOR CLIENT RELATIONS DEPARTMENT AT OKKO.

Under conditions of the partnership, OKKO neither requires to provide collateral in the form of movable or immovable property, nor requires any monthly payments or additional expenses for insurance or crop inspections by a surveyor. The primary security instrument used by the parties is agricultural receipts. The final settlement between OKKO and the recipient of financing takes place after the harvest at market price.

“Over 10 years in the market, OKKO’s agri-financing division has become a sort of one-stop shop for farmers, offering them broad freedom of choice regarding the types of products and saving them time. Even amid a full-scale war, we have managed to maintain this program and continue building long-term relationships with our clients based on trust, stability, and mutual growth,” EMPHASIZED KSENIA GUSEVA