Nyva CL (IFC-40024)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Kyiv
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
OOO SP NYVA PEREYASLAVSHCHYNY
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 12.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 1, 2018

Disclosed by Bank Feb 21, 2018


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Project Description

This project provides financing to Nyva, a large industrial pig and grain producer in Ukraine, for the expansion of its pig breeding operations, and to increase its meat processing capacity. The expansion will be located in a rural area of the Kyiv region.

People Affected By This Project

The proposed investment is expected to benefit consumers, employees, and local community. The retailers, and ultimately the end consumers, will benefit from increased volumes of pork, produced in line with best international practices with regard to quality and food safety standards. In addition, IFC anticipates that the project will contribute to job creation in rural areas where employment opportunities are scarce, and will support the local community.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Mr. Oleksandr Mostipan, the founder and Chairman of the Board, is the ultimate beneficiary of the Group and owns 99% of the shares. 

Contact Information

JV LLC Nyva Pereyaslavschyny 
Oleksandr Kucher 
CFO 
+380(50)351-86-95 
a.kucher@niva-sa.com.ua 
2, Privokzalna str., v. Pereyaslavske, Pereyaslav-Khmelnitskiy districtKyiv oblast, Ukraine 
http://niva-group.com 

ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/