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Western NIS Enterprise Fund (WNISEF) announces a call for applications for low-interest loans for social enterprises in Eastern Ukraine. The new $100,000 WNISEF project “Affordable Loans for Social Enterprises in Eastern Ukraine” is being implemented with the support of the American people via the United States Agency for International Development (USAID) within the agreement with the Western NIS Enterprise Fund under the USAID Economic Resilience Activity (ERA).

Western NIS Enterprise Fund granted another social loan via Oschadbank under the Social Entrepreneurship program. It went to the Dontech Ex, LLC from Druzhkivka, Donetsk region, which produces wooden containers for the local enterprises and provides substantial support to the displaced persons from the ATO zone. The company provides low-income families and the military of Druzhkivka with firewood, which is, in fact, the production waste. Moreover, Dontech Ex employs the internally displaced persons.

Western NIS Enterprise Fund and Oschadbank granted another social loan under the “Social Entrepreneurship” program. This time it went to the Vocational Counseling Center for the Disabled “Drukarskyi Dim” in Kramatorsk, where this loan will be used to purchase new equipment for printed materials production in order to consequently strengthen the Center’s competitive position in the regional market. This, in turn, provides opportunities for creating new jobs for the disabled. At present, “Drukarskyi Dim” employs 11 workers, 4 of them are with special needs. Re-equipment of the enterprise will ensure the employment of 6 to 12 disabled workers, as well as scaling up their wages.

The Western NIS Enterprise Fund (WNISEF) provided a 5% loan through PJSC “Kredobank” to the Lviv City NGO “Tourism and Sports Club “Manivtsi ” under the Impact Investing Program. The loan recipient is a private social entrepreneur Sofia Stupko, a member of the NGO “Tourism and Sports Club “Manivtsi”.

Enterprises and individual entrepreneurs that prove social focus of their activities can get loans at a rate of 5% to 10% per annum under the “Social Entrepreneurship” program.

Oshchadbank has provided the first social loan to a self-employed entrepreneur as part of “Social Entrepreneurship” – a joint program, partnered with Western NIS Enterprise Fund.

Loans, as part of the innovative program “Social Entrepreneurship”, are granted at the rate of 5% to 10% per annum.
This time, the social credit was granted to CCE “Dnipro Training and Production Enterprise of the Ukrainian Society of the Blind.” This enterprise, where 68 workers suffer from visual impairments and other disabilities, specializes in manufacturing equipment for Ukrzaliznytsia rolling stock and produces building products.