Western NIS Enterprise Fund (WNISEF)
Kyiv, Ukraine, Wednesday, April 14, 2004
KYIV - The Western NIS Enterprise Fund (WNISEF) announced the launch
of the web-site of its International Mortgage (lending) Program (IMP) today
(Click on image to enlarge it)
The new website contains a wealth of information concerning IMP's loan
products, describes ten simple steps to follow to obtain a loan and runs a
loan calculator that approximates monthly loan payments. Anyone interested
in finding out more details about mortgage finance offered by the IMP, can
get information on line from www.ipoteka.com.ua.
This user friendly web-site not only helps the visitors make an informed
decision about the suitability of mortgage products for them but also allows
them to immediately complete an on-line mortgage application, significantly
expediting mortgage processing.
IMP allows Ukrainian individuals and resident foreigners access to long term
funding for the purchase or renovation of principle residences in Kyiv and
surrounding area. Further, existing homeowners who have a stable income are
able to tap into equity in their home through a home equity loan, the
proceeds of which can be used for any purpose, including business financing.
The Program, which began in January of this year, has already made a number
of disbursements for the purchase and renovation of apartments in Kyiv.
Loans are administrated through ProCredit Bank (banking license # 195 issued
on 12 October 2003), a portfolio company of WNISEF.
The maximum loan amount under the program is USD 100,000 with a standard
term of 10 years for acquisition loans and 5 years for renovation and home
WNISEF (www.wnisef.org) is the region's leading private equity fund that
invests in small- and medium- sized private enterprises in Ukraine and
WNISEF seeks to identify and invest in securities of private enterprises
with outstanding growth potential and the ability to build competitive
advantages in the marketplace. WNISEF provides its portfolio companies with
capital and the necessary management tools to evolve from entrepreneurial
ventures into professionally managed companies. Since inception, the
cumulative investment commitment of WNISEF totals USD 93.4 million to 28
companies in Ukraine and Moldova employing over 18,000 people.
For additional information please contact:
Stephen Orlesky, International Mortgage Program, firstname.lastname@example.org
Oksana Strashna, Investment Manager, email@example.com
Western NIS Enterprise Fund, Phone: +380 44 490 5580,
Or 380 44 490 5589, Fax: +380 44 490 5589