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Western NIS Enterprise Fund (WNISEF) and Oschadbank are pleased to announce the resumption of loan services to social enterprises with terms beating those in 2021. The loan rate will now be 4-8% per annum, depending on the type of collateral. The social enterprise Smachni Spravy LLC, based in the Kyiv region, received its third loan as part of a joint initiative of WNISEF and Oschadbank, which showcases fruitful cooperation and mutual interest in the development of social entrepreneurship.

Western NIS Enterprise Fund backed the kickoff of an international program for social entrepreneurs – Social Impact Award in Ukraine. The project was also supported by the Nechytailo Family Foundation, SAP and Ukrainian Social Venture Fund.

Western NIS Enterprise Fund and Oschadbank granted the second loan under the “Affordable Loans for Social Enterprises in Eastern Ukraine” project. It went to Oleksii Kachko, director of Veterano Pizza Mariupol.

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 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 (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.