Impact investing program
Jobs created
114
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Number of companies supported
182
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Number of lives directly impacted
25,315
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Funded by the Program
$1.4M
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Approach
IIP supports 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.
Our Goal – enable entrepreneurs and businesses to address social and environmental challenges via financial investment and sustainable business practices.
Our Approach – small loans, big impact.
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The goal of the program is to enable entrepreneurs and businesses to address social and environmental challenges via financial investment and sustainable business practices.
To fulfill its purpose, this program’s strategy is to provide low interest loans for sustainable social business startups and expansion and to mentor social businesses in the process of business plan development and implementation.
LOAN TERMS
Loan amount:
$10,000 to $100,000 in UAH equivalent
Loan currency:
UAH
Loan rate:
4% to 8% per annum (fixed rate for the entire loan term.).
The rate will be set on an individual basis by the program’s credit committee.
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Press Releases
Program results
Funded by UMAEF:
₴30.5 million
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Invested in social projects
₴40 million
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We aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership.
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Submit a loan application
To address the pressing social issues in Ukraine, we are introducing a mechanism of lending social enterprises, which is being implemented in cooperation with Oschadbank and Kredobank.
To get a loan through Oschadbank
To get a loan through Kredobank
FAQ
Can a newly established social enterprise get a loan?
No, it can’t. According to the requirements of the partner banks, the company must be registered for at least 6 months and be PROFITABLE to be able to service the loan.
To provide financial support to social enterprise startups, UMAEF co-founded the Ukrainian Social Venture Fund.
How long does an enterprise have to meet the above criteria to be able to get an affordable loan?
Impact Investment Program specialists ask for supporting documents on the fulfillment of the social goal for the last 6 (SIX) months of the enterprise’s activity. For example, when employing representatives of vulnerable groups, you must provide a set of documents for each such employee to show they belong to a certain vulnerable category of the population (ID, certificate, etc.) and the period of employment (employer’s order to put a person on the staff, etc.)
What documents should be submitted to the Program in addition to the application form?
Usually, in addition to the application form and the cash flow table (in MS Exel), the following documents must be submitted:
- Registration papers of a legal entity or sole proprietorship (Registration Certificate, Charter (if available), extract from the EDRPOU or statistics certificate)
- Financial statements of the company for the last 12 months (but at least for 6 months)
- Documents that specify the social purpose of the enterprise and the distribution of profits (Minutes of the general meeting, Cooperation Agreement, etc.)
- Papers confirming the fulfillment of the social purpose
- Photos of production facilities, workflow, equipment, etc.
- Copies of awards, certificates, letters of commendation, diplomas, etc. confirming the fulfillment of the social goal.
Where can I find more information?
Send us an email to [email protected]
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