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Western NIS Enterprise Fund (WNISEF)
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 equity loans. WNISEF (www.wnisef.org) is the region's leading private equity fund that invests in small- and medium- sized private enterprises in Ukraine and Moldova. 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, sorlesky@wnisefk.com Oksana Strashna, Investment Manager, ostrashna@wnisefk.com Western NIS Enterprise Fund, Phone: +380 44 490 5580, Or 380 44 490 5589, Fax: +380 44 490 5589 |
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