Nobles has advised Western NIS Enterprise Fund on loans to Urban Space 500 and Veterano Brownie made within the Impact Investing Program.
According to Nobles, the Impact Investing Program is designed to support private businesses whose "primary objective [is] to bring social and environmental impact in Ukraine." In partnership with Oschadbank and Kredobank, the program has been providing loans to social enterprises since 2015.
Also, according to Nobles, "Restaurant Urban 500 is the first social restaurant in Kyiv that offers a platform for social initiatives. The company is committed to reinvesting 80 percent of the profit in social projects aimed at the development of the Ukrainian capital."
According to Nobles, Cafe Veterano Brownie, which is part of Veterano Group, "supports ATO veterans in getting back to normal life by reentering the workforce." The cafe remits 10% from its profit to families of deceased veterans.
“Social loans mechanisms are important for Ukrainian business," said Nobles Partner Roman Shulyar. "They improve the investment climate in Ukraine and support meaningful entrepreneurship. Thus, we are delighted to support our longstanding client, Western NIS Enterprise Fund, in these transactions.”
Funded by the USAID, Western NIS Enterprise Fund (WNISEF) is a USD 150 million regional fund in Ukraine and Moldova. For the past two decades WNISEF has been investing in small and medium-sized companies.
Nobles’ team consisted of Partner Roman Shulyar and Associate Bogdan Burlaka.