Improved ability of SMEs to access new markets

Strengthen communities and innovative market-based solutions at a local level

Solving social problems in community by providing accessible capital, coaching and mentoring

Developing of a new generation of leaders who will transform Ukraine and Moldova

Western NIS Enterprise Fund


Western NIS Enterprise Fund (WNISEF) is a $150 million regional fund, a pioneer in Ukraine and Moldova with over 25 years of successful experience in investing in small and medium-sized companies. WNISEF was funded by the U.S. government via the U.S. Agency for International Development (USAID). Since its inception, WNISEF’s cumulative investments total over $186 million to 130 companies employing around 26,000 people and made it possible to unlock $2 billion for companies in Ukraine and Moldova.

In 2015 WNISEF has launched a $35 million legacy program focused on export promotion, local economic development, impact investing and economic leadership.


WNISEF is funding innovative, high-impact, reform focused programs and aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership.


WNISEF is governed by an independent Board of Directors comprised of leading representatives of the U.S. business community. WNISEF was established by the U.S. Congress and funded by the U.S. government via USAID.

We believe that these funds will be the catalyst that will expedite the transformative process and cement its results for the longer term – until ordinary people feel a tangible impact on their lives and join the ranks of reformers.

Jaroslawa Zelinsky Johnson

President and CEO of Western NIS Enterprise Fund


Oschadbank and Western NIS Enterprise Fund Proceed With Social Entrepreneurship Program

April 28, 2021

Kyiv region-based company Smachni Spravy received a second loan under the “Social Entrepreneurship” joint program of Western NIS Enterprise Fund and Oschadbank at 5% per annum rate. The company was established by the NGO “Ukrainian Donbas” and two internally displaced persons. Part of the products are manufactured under the MAKHAN brand; the company holds three patents for its own products and focuses on production and sale of meat products, made under a unique technology.

Western NIS Enterprise Fund together with Oschadbank Granted the First Loan as Part of the Support Project for the Eastern Ukraine Social Enterprises

March 02, 2021

Western NIS Enterprise Fund and Oschadbank provided the first loan as part of the “Affordable Loans for Social Enterprises in Eastern Ukraine” project. It went to the Vocational Counseling Center for the Disabled “Drukarskyi Dim” in Kramatorsk.

Western NIS Enterprise Fund Sold Leading Moldovan Glass Packaging Platform to Vetropack Group

December 10, 2020

Western NIS Enterprise Fund (WNISEF) announced today that it has exited, alongside other shareholders, its stake in Moldova-based Glass Container Company and Glass Container Prim (the “Glass Container Companies”, “GCC”) to Vetropack Austria Holding AG, a subsidiary of Vetropack Holding SA (SWX:VETN). Vetropack is a leading Swiss player in the European glass packaging industry, operating facilities in Switzerland, Austria, Czech Republic, Slovakia, Croatia, Ukraine, and Italy, with CHF 714.9 million in 2019 revenues.

MADE IN UKRAINE. Agrocomplex Vinnychyna

October 15, 2020


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MADE IN UKRAINE. Agrocomplex Vinnychyna

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Technovation Ukraine Regional Pitch Event 2019

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Ukrainian Leadership Academy

The Ukrainian Leadership Academy, a program of community and individual development, taught recent high school graduates the importance of socially responsible leadership, national and personal identity, and provided the training – physical, psychological and communicational, and intellectual – necessary to unlock their country’s potential from within.