V.V. KISCHENZI LTD (FMO-55815)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
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
May 28, 2019
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
Kischenzi Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.03 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Sep 4, 2020


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Project Description

According to the FMO's website, this project provides financing to Kischenzi to improve the quality of its IFRS reporting function while improving its planning/budgeting function by preparing a detailed LT cash flow model for banks and potential investors. The funding will be used to hire an experienced former banker and CFO of top-tier agri company in Ukraine – Ton Huls, who will help to bring the company’s accounting and risk management practices up to international standards.

This project has been given a B+ environmental and social risk rating.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Kischenzi Ltd. (“Kischenzi”) is an integrated farm consisting of agricultural, dairy, vegetable and pig activities and located in the Central part of Ukraine. Kischenzi has been an FMO client since 2009.

Contact Information

No project-specific contact information available at time of writing.