V.V. KISCHENZI LTD
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
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 is a farming enterprise in Ukraine. The company farms 13,467 hectares and produces mainly grains, oilseeds, sugar beets and fodder for its own livestock. Next to the arable business, Kischenzi operates a dairy farm consisting of around 750 cows and a pig growing and fattening business.
What is our funding objective?
Kischenzi will expand the farming area and the dairy business. Expected is an increase of the farming area with an additional 2,500 hectares in 2014. Further expansion is planned in 2014/2015. The expansion of the dairy business will consist of additional 2,800 cows, related barns, machinery and infrastructure. FMO's funding contributes to these expansions.
Why do we fund this investment?
FMO supports the expansion of Kischenzi because it is an efficient farming enterprise and our investments contribute to additional food production. Relatively high yields are expected with the application of good agricultural practices. Part of our assessment included animal welfare and going forward Kischenzi will complete the "Koempas" assessment on an annual basis. Participating in this project gives FMO the possibility to continue the relationship with a local company, under Dutch management, with good track record and prospects.
More investments
| Date | Total FMO financing |
|---|---|
| 5/18/2022 | EUR 0.05 MLN |
| 2/24/2022 | EUR 0.03 MLN |
| 6/29/2018 | USD 8.00 MLN |
| 7/26/2021 | USD 5.50 MLN |
- Region
- Europe & Central Asia
- Country
- Ukraine
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/24/2013
- End date
- 7/27/2021
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
-
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+