Improved ability of SMEs to access new markets

Strengthen communities and innovative market-based solutions at a local level

Solving social problems in community by providing accessible capital, coaching and mentoring

Developing of a new generation of leaders who will transform Ukraine and Moldova

Western NIS Enterprise Fund

Transforming the lives of ordinary people in Ukraine and Moldova

Western NIS Enterprise Fund (WNISEF) is a $150 million regional fund, a pioneer in Ukraine and Moldova with more than two decades of successful experience in investing in small and medium-sized companies. WNISEF was funded by the U.S. government via the U.S. Agency for International Development (USAID). Since its inception, WNISEF’s cumulative investments total over $168 million to 118 companies employing around 25 000 people and made it possible to unlock $1.4 billion for companies in Ukraine and Moldova.

In 2015 WNISEF has launched a $35 million legacy program focused on export promotion, local economic development, impact investing and economic leadership.


WNISEF is funding innovative, high-impact, reform focused programs and aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership.


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.

We believe that these funds will be the catalyst that will expedite the transformative process and cement its results for the longer term – until ordinary people feel a tangible impact on their lives and join the ranks of reformers.

Jaroslawa Zelinsky Johnson

President and CEO of Western NIS Enterprise Fund


Western NIS Enterprise Fund and Oshchadbank proceed with crediting social enterprises at unprecedented rates

March 13, 2017

Loans, as part of the innovative program "Social Entrepreneurship", are granted at the rate of 5% to 10% per annum.

This time, the social credit was granted to CCE "Dnipro Training and Production Enterprise of the Ukrainian Society of the Blind." This enterprise, where 68 workers suffer from visual impairments and other disabilities, specializes in manufacturing equipment for Ukrzaliznytsia rolling stock and produces building products.

Teach For Ukraine: how two years of teaching can transform educational system along with the country

February 9, 2017

NGO "Teach For Ukraine" in partnership with the Ministry of Education and Science of Ukraine with the support of Western NIS Enterprise Fund launch the similarly named program, which is aimed to develop a new generation of social leaders and improve the quality of secondary education in Ukraine. 

The British Council in Ukraine, Ukrainian Fashion Week (UFW) and Western NIS Enterprise Fund team up again to promote emerging Ukrainian fashion designers at London Fashion Week

February 7, 2017

With support from Western NIS Enterprise Fund, the British Council is taking the work of seven talented Ukrainian fashion designers to London Fashion Week (February 17-21, 2017) as part of the International Fashion Showcase. Six of these (FLOW the Label; Jean Gritsfeldt; Alina Zamanova; FROLOV; Yana Chervinska; DZHUS; and the COAT by Katya Silchenko) were selected during the 2016 Ukrainian Fashion Week by a representative from the British Council, the British Fashion Council, and Western NIS Enterprise Fund. The seventh - Victoria Balanyuk (FLOW the Label) – is the winner of the 2016 British Council Discovery of the Year Award as part of UFW’s annual Best Fashion Awards. 

Oschadbank and Western NIS Enterprise Fund grant another social loan

February 6, 2017

Kramatorsk T&P Enterprise of the Ukrainian Society of the Blind received an Oschadbank loan as a part of Western NIS Enterprise Fund social enterprises loan program.


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WNISEF: Local Economic Development Program

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WNISEF: Economic Leadership Program

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Ukrainian Leadership Academy

The Ukrainian Leadership Academy, a program of community and individual development, taught recent high school graduates the importance of socially responsible leadership, national and personal identity, and provided the training – physical, psychological and communicational, and intellectual – necessary to unlock their country’s potential from within.