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WNISEF
A strong legacy
for economic transformation

ABout us

Mission

Western NIS Enterprise Fund (WNISEF) runs legacy programs, which are focused on assisting Ukraine and Moldova at this critical time in their respective histories through development of sound economic policies and leadership.

History

WNISEF is a USD $150 million regional private equity fund, a pioneer in Ukraine and Moldova with more than two decades of successful experience investing in small and medium-sized companies. WNISEF was funded by the U.S. government via U.S. Agency for International Development (USAID). Since inception, WNISEF’s cumulative investments total over $168 million to 118 companies in Ukraine and Moldova. WNISEF’s portfolio of investments in Ukraine and Moldova is managed by Horizon Capital.

Governance

WNISEF is governed by an independent Board of Directors comprised of leading representatives of the U.S. business community. WNISEF was established by the U.S. Congress and funded by the U.S. government via USAID.

usaid-logo

direct

board

board of directors

Mr. Patrick H. Arbor

Mr. Patrick H. Arbor served three consecutive two-year terms as chairman of the Chicago Board of Trade (CBOT). Under Mr. Arbor’s watch, the CBOT enjoyed its most successful years ever, charting six years of record growth and charting the future of both electronic and floor-based trading. He has been a member of the CBOT since 1965, serving three years as Vice Chairman and another ten years as Director.

He also sat for three years on the Executive Committee and Board of Directors of both the Board of Trade Clearing Corporation and the National Futures Association.

Mr. Arbor is a Principal of the trading firm Shatkin Arbor. He serves as a member of the Advisory Committee of Merriman Curhan Ford & Co, an American Exchange listed company.

His numerous Board positions include the Board of Trustees of Loyola University of Chicago; Chicago’s Mercy Home for Boys and Girls; the Mission of Our Lady of Mercy; and Catholic Charities of the Archdiocese of Chicago. President Bill Clinton appointed Mr. Arbor to the Western NIS Enterprise Fund Board of Directors in October 1994.

Previous Board appointments include the Executive Committee of the Board of Trustees of Loyola University of Chicago; the United States Association for the United Nations High Commissioner for Refugees; the First State Bank & Trust Company of Park Ridge, Illinois; London Investment Trust (LIT), PLC; United Financial Holdings, Inc; United Community Bank; the Illinois Facilities Fund; First Chicago Bank & Trust Co.; and Merriman Curhan Ford & Co.

Mr. Arbor received his bachelor’s degree in Finance from Loyola University in 1958. He started his career as a math teacher and later served as mayor of Harwood Heights, Illinois. He has authored numerous articles on Finance in leading professional and academic journals. Mr. Arbor is a veteran mountain climber, who has scaled many of the world’s tallest peaks, including Aconcagua, Mont Blanc, Mt Eiger, and Mt Kilimanjaro. Mr. Arbor is a lifelong resident of Chicago.

Robert M. Cotten

Robert M. Cotten retired as Assistant General Counsel of Hughes Electronics Corporation in Los Angeles, California. Until his retirement, Mr. Cotten was responsible for the international legal affairs of Hughes Electronics (and its predecessor Hughes Aircraft Company), including joint ventures, acquisitions, divestitures, regulatory and export control issues, sales representatives, consultants and formation of new wholly owned subsidiaries.

Mr. Cotten received his Bachelor’s and Master’s degrees in Political Science from UCLA. Mr. Cotten received his Juris Doctor Degree from the Harvard Law School. Following graduation from law school, Mr. Cotten worked as a Deputy City Attorney for the City of Los Angeles, a Staff Assistant at the White House in Washington, D.C., and as an Attorney-Advisor for the Agency of International Development at the Department of State in Washington, D.C. Mr. Cotten joined Hughes Aircraft Company in 1980.

Mr. Cotten is a member of the California State Bar. He serves on the board of directors of the Western NIS Enterprise Fund where he also serves as Chairman of the Audit Committee.  Mr. Cotten also serves on the Board of Overseers of the International Rescue Committee.

Mr. Cotten formerly served as a member of the board of directors of the Los Angeles Library Foundation.  He is a former member of the Los Angeles County Bar Association International Law Section Executive Committee and a former member of the California State Bar International Law Section Executive Committee.

Mr. Cotten resides in Los Angeles.

Dennis A. Johnson

Dennis A. Johnson is President and co-owner of Cooperative Housing Resources, LLC, a lender and consultant specializing in the development and finance of senior housing cooperatives. He is an experienced executive with strong skills in finance, credit, and business development. Through domestic and international experience he has outstanding business acumen and leadership abilities. As a highly successful executive with the Farm Credit System, he held a variety of positions from credit analyst to President and CEO of the St. Paul Bank for Cooperatives.

He received a Bachelor of Agricultural Business Administration from the University of Minnesota in 1971 and a Master’s Degree in Agricultural Economics in 1973. In May 1996, he received the Outstanding Alumni Award from the University of Minnesota’s Department of Applied Economics.

Dennis is the Chairman of the Board of Directors of the Western NIS Enterprise Fund. In addition, Dennis is Chairman of the Board of Directors of the Senior Cooperative Foundation and a member of the Board of Directors of Cooperative Development Services. He has previously served as a member of the Board of Directors of Farm Credit Leasing Services Corporation, Homestead Housing Center, Federal Farm Credit Banks Funding Corporation, National Council of Farmer Cooperatives, and Cooperative Development Foundation.

Mr. Johnson is a member of the American Agricultural Economics Association.

Whitney MacMillan

Whitney MacMillan, Chairman Emeritus, Cargill, Incorporated. A native of Minnesota, Whitney MacMillan joined Cargill as a general trainee in 1951 after receiving his Bachelor of Arts degree from Yale University. Whitney has a distinguished record in international relations, agricultural trade, and food processing. Having spent 50 years in privately owned Cargill, he retired as Chairman and CEO on August 31, 1995.

Since the completion of his career as the chief executive of Cargill he has continued to pursue his primary personal interests in international agricultural policy, feeding the world’s population, and economic growth and stability in developing countries. He is a noted expert on east-west commercial relations. He has taught International Business Strategy at the Master’s Degree level. He also has advised several universities and agencies including USAID, the World Bank, and the National Academy of Sciences on public policy matters concerning food safety, environmental and development issues. He has been involved with many organizations of international scope such as the East-West Institute, Trilateral Commission, Hubert H. Humphrey Institute of Public Affairs, Western NIS Enterprise Fund, and U.S.-Russian Business Council. He chaired the Investment and Services Policy Advisory Committee of the Office of the U.S. Trade Representatives, and was a member of the President’s Export Council during the Reagan administration.

Whitney and his wife, Betty, operate a cow/calf ranch in Montana.

Jeffrey C. Neal

Jeffrey C. Neal is one of the co-founders of Horizon Capital. In 2006 he retired from his position as Chairman of the Global Investment Banking Group of Merrill Lynch & Co. Inc. Mr. Neal had been with Merrill Lynch and a predecessor firm since 1973. Previously, Mr. Neal served from 1969 to 1973 as Assistant Director of the Bureau of Budget, State of Illinois.

Mr. Neal, a native of Peoria, Illinois, earned his A.B. in 1967 from Harvard College and his M.B.A. from Harvard Business School in 1969. Mr. Neal is a member of The Board of Directors of the Lyric Opera of Chicago, Chicago Council on Global Affairs and Western NIS Enterprise Fund. He is also a Life Member of the Visiting Committee of the Irving B. Harris Graduate School of Public Policy Studies at the University of Chicago and participates in the Mentor Program. He is a Life Trustee at Lake Forest Academy. Mr. Neal is also a member of the Council on Foreign Relations.

Jaroslawa Zelinsky Johnson

Jaroslawa Zelinsky Johnson, President and Chief Executive Officer, Western NIS Enterprise Fund (WNISEF)

Jaroslawa Z. Johnson was appointed WNISEF President and CEO effective January 1, 2015. Ms. Johnson will direct, oversee and provide overall management for the WNISEF program activities and will remain a member of the Fund’s Board of Directors in addition to her role as President and CEO.

Ms. Johnson was born in Ukraine and emigrated to the U.S. as a child.  She is a graduate of Goucher College and University of Wisconsin Law School, where she was editor of the law review and earned a J.D. in 1977.  After law school, she served as law clerk to Chief Judge Thomas E. Fairchild, U.S. Court of Appeals for the Seventh Circuit, and practiced corporate law with several Chicago law firms.

She is a founding member and former chairperson of America Ukraine Business Council, which sponsored the first American visit of a Ukrainian president in 1991, and she organized the first Ukraine-U.S. Trade Conference for American companies in 1992.  She was appointed by former U.S. President Bill Clinton to the Board of Directors of the Western NIS Enterprise Fund in 1994, serving as an active member of the Board since its inception.

Prior to her appointment as President and CEO of WNISEF, Ms. Johnson was managing partner of an international law office in Kyiv, Ukraine, which she launched in the early 1990s. Ms. Johnson’s extensive international corporate practice included counseling corporations in many countries on mergers and acquisitions, joint ventures, financing transactions, project finance and Foreign Corrupt Practices Act compliance in the US and Central and Eastern Europe. Over the course of more than two decades of international corporate legal work, Ms. Johnson advised many Fortune 500 companies and other Western multinationals on cross-border transactions with Ukraine. During her many years as an international corporate attorney in Ukraine, Ms. Johnson was consistently recognized by international legal directories as a leading lawyer in Ukraine’s corporate, banking and finance and energy sectors.

invest

investments

investments

selected exits
vitanta

Vitanta. In January 2003, WNISEF sold its 85.59% stake in Vitanta-Intravest in a transaction valued at $12.45 million, resulting in excess of 2.2 times cash-on-cash return and an IRR of 20%. During the period of WNISEF’s investment Vitanta-Intravest was the dominant producer of beer, flavored alcoholic beverages and soft drinks in Moldova – a product line with strong growth potential. Vitanta-Intravest’s successful track record, strong competitive advantages and the value created through concerted shareholder and management efforts were key to attracting global brewer Efes Breweries International B.V., the Netherlands based subsidiary of Efes Beverage Group, to Vitanta-Intravest.

sbk

SBK. In March 2004, WNISEF sold its 100% stake in Slobozhanska Budivelna Keramika (SBK) in a transaction valued at $13.5 million, achieving a 2.5 times cash-on-cash return and 23.3% IRR. During the period of WNISEF’s investment SBK was the recognized market leader in the manufacture and sales of premium faзade ceramic bricks in Ukraine. High quality, a strong brand name, a strategic geographic presence, excellence in customer service, and a solid reputation as a reliable partner were key to attracting acquirers Raiffeisen Investment AG of Austria (RIAG) and MARA Beteiligungsverwaltungs GmbH (a holding company of RIAG). This deal included an innovative leveraged re-capitalization utilized for the first time in Ukraine.

http://www.sbk.com.ua

maib

Moldova-Agroindbank S.A. (MAIB). In April 2006, WNISEF sold its 9.9% stake in Moldova-Agroindbank S.A. (MAIB) to a group of investors, achieving a 3.6 times cash-on-cash return and 33% IRR. During the period of WNISEF’s investment MAIB was the largest Moldovan commercial bank in terms of total assets, capital, outstanding loan portfolio, and deposit base, offering a wide range of products and services to both corporate and retail clients. The bank’s strong financial performance, large regional presence, innovative products, management and market position were fundamental to attracting investors to MAIB.

http://www.maib.md

pcb

ProCreditBank Ukraine. In April 2009, WNISEF sold its 20% stake in ProCredit Bank Ukraine (PCBU), a full-service bank focused on lending to micro and small enterprises in Ukraine, to ProCredit Holding, parent company of a global group of 22 ProCredit banks. This exit represents a 1.45x cash-on-cash return for WNISEF based on a multiple of 1.73x PCBU Net Asset Value (NAV) as of December 31, 2008. WNISEF invested into PCBU as a founding shareholder in 2000. At its founding, PCBU was the only bank focused on providing debt financing to entrepreneurs, micro and small businesses. ProCredit Bank Ukraine ended 2008 with an outstanding loan portfolio of USD 367.1 million and a customer deposit base of USD 171.7 million with over 105,000 deposit accounts. The loan portfolio of ProCredit Bank Ukraine is comprised almost exclusively of loans to small businesses in Ukraine. It is a uniquely focused-bank, whose mission sustains and enables the entrepreneurial spirit in Ukraine.

http://www.procreditbank.com.ua

avk

AVK. In February 2013, WNISEF sold its stake in AVK, the second largest confectionary manufacturer in Ukraine, to the company. The sale yielded a 5.6x C-o-C return on equity. During WNISEF’s period of investment, the company entered new markets – Russia, Belarus and Kazakhstan among others, captured market share, introduced new products and new brands, built a new manufacturing facility in Donetsk and acquired and modernized a manufacturing facility in Dnipropetrovsk which ensured the consistent premium quality of its products. AVK saw steady growth across all product categories. It emerged as the leader of the chocolate candy market segment as a direct result of ongoing efforts to sharpen the company’s focus on high-margin product development. WNISEF contributed to AVK’s success by providing the company with capital to grow and post investment value-added activities such as introduction of western corporate governance principles, implementation of a world-class management information system, strong marketing support, as well as numerous management trainings and seminars.

http://www.avk.ua

team

management

management team

Jaroslawa Z. Johnson

Jaroslawa Z. Johnson was appointed WNISEF President and CEO effective January 1, 2015. Ms. Johnson will direct, oversee and provide overall management for the WNISEF program activities and will remain a member of the Fund’s Board of Directors in addition to her role as President and CEO.

Ms. Johnson was born in Ukraine and emigrated to the U.S. as a child.  She is a graduate of Goucher College and University of Wisconsin Law School, where she was editor of the law review and earned a J.D. in 1977.  After law school, she served as law clerk to Chief Judge Thomas E. Fairchild, U.S. Court of Appeals for the Seventh Circuit, and practiced corporate law with several Chicago law firms.

She is a founding member and former chairperson of America Ukraine Business Council, which sponsored the first American visit of a Ukrainian president in 1991, and she organized the first Ukraine-U.S. Trade Conference for American companies in 1992.  She was appointed by former U.S. President Bill Clinton to the Board of Directors of the Western NIS Enterprise Fund in 1994, serving as an active member of the Board since its inception.

Prior to her appointment as President and CEO of WNISEF, Ms. Johnson was managing partner of an international law office in Kyiv, Ukraine, which she launched in the early 1990s. Ms. Johnson’s extensive international corporate practice included counseling corporations in many countries on mergers and acquisitions, joint ventures, financing transactions, project finance and Foreign Corrupt Practices Act compliance in the US and Central and Eastern Europe.  Over the course of more than two decades of international corporate legal work, Ms. Johnson advised many Fortune 500 companies and other Western multinationals on cross-border transactions with Ukraine.  During her many years as an international corporate attorney in Ukraine, Ms. Johnson was consistently recognized by international legal directories as a leading lawyer in Ukraine’s corporate, banking and finance and energy sectors.

Lenna Koszarny

Lenna Koszarny is Executive Vice President of Western NIS Enterprise Fund. Ms. Koszarny joined WNISEF as Chief Financial Officer from EBS, a leading consulting firm in Ukraine that she co-founded in 1998.

Ms. Koszarny is Founding Partner and Chief Executive Officer of Horizon Capital, serving first as Chief Financial Officer from 2006 and then Chief Executive Officer from December 2014.

Ms. Koszarny is responsible for managing the Horizon Capital team who are contracted to provide shared services to WNISEF comprised of program management and administrative services to support Ms. Johnson as President & CEO of WNISEF.

Ms. Koszarny is a Canadian citizen fluent in Ukrainian who has lived in Ukraine since 1993.  She received her Honors Business Administration Degree at the Ivey School of Business in London, Canada in 1991. She qualified as a Chartered Accountant with Coopers & Lybrand in 1993 and is a Canadian Chartered Professional Accountant (CPA, CA).

Ms. Koszarny serves as Chair of the Ukrainian Canadian Congress (UCC) Advisory Council in Ukraine.  UCC was founded over 70 years ago and is the voice of over 1.2 million Canadians of Ukrainian descent in Canada.  She is also a Board member and Vice President of Ukrainian World Congress (UWC), the international coordinating body for Ukrainian communities in the diaspora representing the interests of over 20 million Ukrainians. The UWC has member organizations in 33 countries and ties with Ukrainians in 14 additional countries. She is also Vice Chair of the Advisory Board of Kyiv-Mohyla Business School (kmbs) and a Founder of kmbs, and has been actively involved in the business community in Ukraine for over 20 years.

Natalie Chaus

Natalie Chaus serves as Chief Financial Officer of Western NIS Enterprise Fund since December 2014 and has been a long-standing member of the team for nearly 12 years.

Prior to this she held senior positions within the finance area as Deputy CFO of Horizon Capital, and Financial Controller at WNISEF, which she joined in 2003.

Her experience includes financial due diligence, tax planning, risk assessment activities and systems implementation.
Ms. Chaus holds a Masters in Economics from Kyiv National Economic University (Ukraine).

about us
board of directors
investments
management team

Programs

Programs

programs

Export Promotion Policy

Export Promotion Policy

The program focuses on improving the ability of Ukrainian and Moldovan exporters to access new markets.

More than ever, Ukrainian and Moldovan businesses face extraordinary opportunities and challenges in the global marketplace. Implementation of the Deep and Comprehensive Free Trade Agreements (DCFTA) with the EU provides unique access to new markets that needs to be recognized, understood and utilized to reap promising economic benefits for Ukraine and Moldova.  At the same time, Ukraine’s and Moldova’s traditional export markets have become more restrictive and uncertain as a result of current geopolitical issues.

Current export challenges demand major adjustments in the traditional trading patterns. First, Ukrainian and Moldovan businesses need to seek a greater degree of geographical diversification in their export markets and explore export opportunities in new export markets, including not only countries of the European Union but also Middle East, the Western Hemisphere, Africa and Asia. Second, Ukraine and Moldova need to facilitate greater export product diversification and increase export of manufactured products with high value added. Third, Ukraine and Moldova need to expand incentives for exporting by the most efficient and innovative firms that drive export growth and net job creation.

The mission of the Export Promotion Policy program is to assist the Government of Ukraine and the Government of Moldova achieve global market integration, international trade diversification, economic growth, job creation and increased competitiveness by working with the governments and key stakeholders to broaden and deepen the exporter base, with a focus on small and medium-size companies; increase international business capacities and skills; improve exporter know-how and services; promote economic reforms to increase the nations’ international business capacities; and improve the climate for international trade and investment.

Western NIS Enterprise Fund will provide technical assistance for development and implementation of an export promotion policy, in particular analytic and advisory support to improve appropriate policy, legal, regulatory, and procedural environment to facilitate exports, build export promotion capacities, increase export awareness,  facilitate cooperation between public and private sectors to improve export enabling environment and promote exports.

For more information, please contact:

Vitaliy Bigdai,
Manager of the Export Promotion Policy Program
Tel.: +38 044 490 55 80,
E-mail: export@wnisef.org

Economic Leadership

Economic Leadership

We aim to broaden and deepen the human capacity necessary to advance both private & public sectors development in Ukraine and Moldova.

WNISEF has been meeting with representatives from the business, education, government, civil society and others for almost five years, in an effort to understand the needs of the private sector. WNISEF has conducted interviews, surveys, studies and consultations, and has heard one consistent message: It’s all about the people. To achieve real sustainable change, invest in the people.

In the absence of new job creation and with businesses closing young capable citizens of Ukraine and Moldova seeking meaningful employment continue to depart for jobs abroad in order to provide for their immediate and extended families. According to World Economic Forum Global Competitiveness Index 2013-1014 report, Ukraine is ranked 84th and Moldova is ranked 95th out of 148 countries in Labor Market Efficiency, with Country Capacity to Retain Talent being 140th for Ukraine and 145th for Moldova. This is an optimal time to invest in the regions’ new generation. The young people who have come of age twenty years after the collapse of communism will be the future leaders of these countries.

WNISEF poses a substantial on the ground experience in training entrepreneurs and in providing both oversight and management of new and reformed businesses:

- We have engaged hundreds of young local managers in training in the areas of finance, international accounting, marketing, sales and management
- We have served as leaders on the boards of local education institutions, other scholarship programs, as well as taught classes and given dozens of lectures to students, entrepreneurs and business people.

The broad objective of the WNISEF’s Economic Leadership activities would be to further Ukraine and Moldova’s development as market economies based on respect for rule of law, private property rights, sanctity of contracts and the principle of democratic, accountable government.  WNISEF seeks to broaden and deepen the human capacity necessary to advance private sector development in Ukraine and Moldova through activities such as mentoring, internships, educational top-up grants, training, and other programs that will develop and increase economic, business, entrepreneurship, and leadership knowledge, skills and abilities via partnership with best practices, best institutions, best networks and best examples available in the United States of America.

Activities also include:

- Assistance to students from Ukraine and Moldova, who are accepted to the US top 50 full-time MBA programs via SEED GRANT
- Assistance to the development local MBA programs
- Promote Advanced Management Programs, Programs for Leadership Developments, etc.

Seed Grant website: http://seedgrant.wnisef.org/

For more information, please contact:

Roman Tychkivskyy,
Manager of the Economic Leadership Program
Tel.: +38 044 490 55 80,
E-mail: leadership@wnisef.org

Impact Investing

Impact Investing

The Program focuses on support of private enterprises whose primary objective is to achieve social and environmental impact in Ukraine by providing accessible capital, coaching and mentoring.

The concepts of microfinance, SME lending, trade credit, private equity, venture capital, angel networks and business incubators have all come to be known in Ukraine. However, there is one important concept that could have significant economic and social benefits that is still relatively unknown in Ukraine. That is “Impact investing” or the employment of capital in an effort to achieve a positive social impact beyond mere financial return.  According to the Rockefeller Foundation, impact investing is based on the “growing recognition that existing resources are insufficient to address severe poverty, inequality, environmental destruction and other complex social issues.”[1]

In a socially oriented business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. The purpose of the investment is primarily to achieve one or more social objectives through the operation of the company; no immediate personal gain is desired by the investors. The company must cover all costs and make profit, at the same time achieve the social objective, such as, healthcare for the poor, housing for the poor, financial services for the poor, etc. in a business way.  Social investing is emerging at the intersection of the social and business sectors, aiming to blend the best of both worlds. In Ukraine, the concept of a “social business”— financially self-sustainable, cause-driven company with a primary objective of solving a social problem by applying business principles – is in a very early stage of development.

The WNISEF Impact Investment Program will enable support for early-stage and expansion of private enterprises whose primary objective is to achieve social and environmental impact in Ukraine by providing accessible capital, coaching and mentoring.  The intention is to enable entrepreneurs and business to address social and environmental challenges via financial investment and sustainable business practices.

Program will be opportunistic in looking at providing support in a wide variety of industry sectors and social areas; however, key efforts will be focused on the following areas:

- Rural development and job creation;
- Empowerment of disadvantaged groups of population, such as people with special needs, orphans, abused women and children, and other categories, including but not limited to education and development, vocational training and other;
- Promotion and providing access to healthier lifestyle, with special focus on teenagers and youth;
- Environmental protection;
- Energy efficiency.

Local Economic Development

Local Economic Development

The Program is aimed to utilize public-private partnerships (PPPs) to foster a more robust, diverse, and thriving community of small and medium enterprises in Ukraine and Moldova.

The Local Economic Development Program focuses on promoting unique business clusters within towns and cities of Ukraine and Moldova by bringing together local supportive governments and local business leaders with WNISEF funding.

In Ukraine and Moldova, with shrinking resources for the delivery of public goods and inefficient public institutions, citizens, investors and companies are bound to follow the path of the solution economy that’s been developing in the West for a decade. Such daunting social issues that require new solutions include education, public health, agribusiness development, youth unemployment, poverty,  environmental protection, exclusion of vulnerable groups, domestic violence, and energy efficiency.

Illustrative activities in this area would include: access to capital; promoting successful and ethical accounting practices; Informational and Communicational Technologies (ICT) support; tax and legal advice; support for business planning; and providing marketing resources and training. Success will facilitate a community of like-minded participants working toward a common goal – sustainable economic growth. Cooperation can lead to increased business activity, employment, tax revenues, and a greater sense of security for the entire community. Dynamic projects can revitalize city centers and attract new investment.

presscenter

Press

June 30, 2016

13 students received grants of over USD 1 mln from Western NIS Enterprise Fund to pursue studies in the U.S. and U.K. in 2016

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June 30, 2016

Five new Leadership Academies to open

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June 7, 2016

Western NIS Enterprise Fund and CANactions School for Urban Studies Reviewed the Results of the Small Grants Program Aimed at Urban Development

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June 7, 2016

1991 Open Data Incubator with the support of Western NIS Enterprise Fund announced the finalists for a summer incubation program

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May 27, 2016

Kyiv, 26 May, 2016 — Western NІS Enterprise Fund announced the results of cooperation
with the Government of Ukraine within three-year $30 million USAID Legacy Program to
support reform initiatives in Ukraine and Moldova

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May 18, 2016

On May 4, 2016, Dennis Johnson, WNISEF Chairman of the Board of Directors, was inducted into the Cooperative Hall of Fame for his long dedicated service to the development of the cooperative business model.

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April 6, 2016

Western NIS Enterprise Fund (WNISEF) and Oschadbank launched an innovative, local-currency denominated, low-interest loan program providing finance to social enterprises

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December 18, 2015

Western NIS Enterprise Fund Supports “Open Court Reporter” Project
With Activists from All Over Ukraine Filming Over 2,000 Videos in Courts

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December 17, 2015

Western NIS Enterprise Fund Provides Financing for “CEOs Leading Transformation
of State-Owned Enterprises” Program

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September 14, 2015

Western NIS Enterprise Fund Provides $75,000 for Ukraine’s First School of Urban Studies CANactions

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July 29, 2015

Western NIS Enterprise Fund calls for proposals to develop National Export Strategy for Ukraine

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June 18, 2015

Western NIS Enterprise Fund Grants $50,000 for the Development of the ProZorro Electronic Public Procurement System

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June 3, 2015

Western NIS Enterprise Fund sends 15 successful young entrepreneurs from Ukraine and Moldova to the famous Thiel Summit for the first time

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April 12, 2015

Western NIS Enterprise Fund Launches $30M Legacy Program

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March 11, 2015

Jaroslawa Z. Johnson appointed as President and Chief Executive Officer of Western NIS Enterprise Fund

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contacts

contacts

Contacts

USA Ukraine

175 W. Jackson Boulevard,
Suite 1640
Chicago, IL 60604, USA
Tel: +1 (312) 939-7003
Fax: +1 (312) 939-7004

4 Mykoly Rayevskoho street
Kyiv, 01042, Ukraine
Tel: +380 (44) 490-5580
Fax: +380 (44) 490-5589