Marchenko Partners acts as a legal counsel to Western NIS Enterprise Fund in connection with the Impact Investing Program. The program was initiated in 2016 by WNISEF in partnership with Oschadbank and Kredobank. It allows social enterprises (businesses that implement social or environmental programs or resolve certain social issues) to get access to Hryvnia-denominated low-interest loans.
Over the last 3 years, our lawyers not only helped WNISEF to launch the Impact Investing Program but also advised on each of 19 loans granted within the program to the social enterprises from all over Ukraine.
Our project team on this matter consists of Partner Roman Shulyar, Associate Bogdan Burlaka, and Junior Associate Oleksandr Pozniakov.
WNISEF – WNISEF is a $150 million regional fund, a pioneer in Ukraine and Moldova with more than two decades 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 $1.8 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.