V.V. KISCHENZI LTD
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
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.
What is our funding objective?
The objective is to support 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. Besides local banks, Kischenzi also has credit lines with two large DFIs – EBRD and FMO - who have more demanding reporting requirements. 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.
Why do we fund this investment?
In terms of company size, Kischenzi is the smallest and least sophisticated company in ECA portfolio. Last year the company has “grown” from FOM to FMO-A portfolio and with this CD project Kischenzi accounting and risk management practices will improve to international standards, like Astarta, Kernel, Nibulon. Given the small size of the company, FMO's financial additionality is high.
More investments
| Date | Total FMO financing |
|---|---|
| 5/18/2022 | EUR 0.05 MLN |
| 6/29/2018 | USD 8.00 MLN |
| 7/27/2021 | USD 15.00 MLN |
| 7/26/2021 | USD 5.50 MLN |
- Region
- Europe & Central Asia
- Country
- Ukraine
- Sector
- Agribusiness, Food & Water
- Effective date
- 5/28/2019
- End date
- 2/24/2022
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+