ProCredit Ukraine - Senior MSE Loan

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ProCredit Bank Ukraine (PCBU) was established in December 2000, with the support of EBRD to provide financial services to micro and small enterprises (MSEs) in Ukraine. Since its establishment, PCBU had disbursed over 148,000 MSE loans for a total amount of USD 1.0 billion. A new senior loan up to USD 20 million being proposed will further assist PCBU in providing financing to MSEs in Ukraine. The project is expected to have a significant impact on the transition process. ProCredit Bank Ukraine will continue to provide support to MSEs that would otherwise have limited access to formal sector finance. PCBU also supports the development of the financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance. PCBU was established in December 2000 and is part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally. PCBU operates through its 67 branches throughout the Ukraine, planning to grow its branch network further. USD 20 million senior loan for on-lending to micro-small and medium enterprises. USD 20 million for on-lending to MSEs. ProCredit Bank Ukraine carries out its operations in accordance with the EBRD's “Environmental Procedures for Micro and Small Loans”. In implementing these procedures, it requires its borrowers to comply, at a minimum, with national/local health, safety, environmental, and public consultation requirements. In the early years of operation, PCBU received approximately EUR 6 million in Technical Assistance No further technical assistance funds are provided. Susanne Decker General Manager ProCredit Bank Ukraine Prospekt Peremohy 107a 03115 Kyiv, Ukraine Phone +38 044 5901020 Fax +38 044 5901001 Email: s.decker@procreditbank.com.ua