Sayenko Kharenko has acted as Ukrainian legal counsel to the European Fund for Southeast Europe (EFSE) on providing, through its Ukraine Sub-Fund (USF), the loan of EUR 10 million equivalent in Ukrainian hryvnia to ProCredit Bank. The aim of the provided financing is to strengthen access to finance for micro, small, and medium-sized enterprises (MSMEs), particularly, agricultural producers and businesses focused on making long-term investments into modernization and resilience. Additionally, the loan is complemented by dedicated grants for eligible end-borrowers under the EFSE USF financing-linked grants program. These grants are designed to secure business continuity and lower access barriers for businesses affected by the war, including those facing collateral constraints.
EFSE is an impact investment fund to drive economic development and prosperity in Southeast Europe and the Caucasus. Through its two sub-funds—the Regional Sub-Fund (RSF) and the Ukraine Sub-Fund (USF)—EFSE provides tailored financial solutions to foster entrepreneurship, strengthen financial inclusion, and support local economies.
ProCredit Bank is part of the international ProCredit group, headquartered in Frankfurt am Main, Germany. As a specialised bank focused on small and medium-sized enterprises (SMEs), ProCredit Bank offers a wide range of banking services, combining high-quality customer service with deep expertise in SME financing.
Sayenko Kharenko’s team included Igor Lozenko, Oles Trachuk, Yevhen Koval and Mykola Suprunovych.
