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Nobles Advises WNISEF on Social Impact Project Financing

Nobles Advises WNISEF on Social Impact Project Financing

Ukraine
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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.

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AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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