EFSE extends partnership with ProCredit Bank to support long-term growth of Ukrainian MSMEs

Chișinău, 17 June 2025 ––The European Fund for Southeast Europe (EFSE), through its Ukraine Sub-Fund (USF), is expanding its long-standing cooperation with ProCredit Bank Ukraine. With an additional EUR 10 million long-term local currency loan, this partnership aims 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.

The new funding will enable ProCredit Bank to extend longer-term, local currency loans to MSMEs, helping them adapt to an increasingly complex and unpredictable operating landscape, and invest in sustainable and forward-looking growth. The facility 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.

The new loan agreement was signed at the one-year anniversary event marking the launch of EFSE USF -“Unlocking Potential: Charting Pathways for Lending Recovery in Ukraine” - in Chișinău, Moldova, on 17 June 2025.

Jasminka Begert, EFSE Portfolio Manager at Finance in Motion, emphasized “This renewed engagement underscores our sustained commitment to empowering MSMEs in Ukraine and builds on a strong, 10-year partnership with ProCredit Bank. Through financing and grants, EFSE USF and ProCredit Bank will help local MSMEs recover, rebuild, and upgrade their businesses, invest in modernizing their equipment and facilities, and foster sustainable growth and long-term resilience.”

Chairman of the Management Board of ProCredit Bank Ukraine Oleksandr Povshednyi said: “Ukrainian businesses continue to display extraordinary resilience and determination, steadily returning to investment and development, even amid the ongoing challenges of war. This remarkable spirit of enterprise is both inspiring and deserving of steadfast support.

In this context, our partnership with the European Fund for Southeast Europe (EFSE) is particularly significant. EFSE’s consistent dedication to fostering sustainable economic growth allows us to provide Ukrainian entrepreneurs with reliable and stable financial instruments, even in times of profound uncertainty.

 

We are proud to stand alongside EFSE in championing the recovery and modernisation of the Ukrainian economy. Through this vital collaboration, we aim to play an active role in supporting Ukraine’s dynamic and courageous business community, helping to build the foundations for a brighter and more prosperous future.” 
 

 

About EFSE
The European Fund for Southeast Europe (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. EFSE was initiated in 2005 by KfW Development Bank with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. As the first public-private partnership of its kind, EFSE draws its capital from donor agencies, international financial institutions, and private institutional investors. Finance in Motion GmbH, Germany, serves as EFSE’s Portfolio Manager and Hauck & Aufhäuser Fund Services S.A., Luxembourg, acts as manager.  

For more information on the European Fund for Southeast Europe, please visit: www.efse.lu  

 

About Finance in Motion
Finance in Motion structures, manages, and advises almost €4 billion across 10 funds, all classified as SFDR Article 9. These private market funds drive impact for people and planet through regional financial intermediaries, direct investments, advisory and capacity building. Founded in Germany, with local expertise from Latin America to Eastern Europe, it has been investing in emerging markets for over 20 years.  
For more information, please visit: www.finance-in-motion-com    

 

About ProCredit Bank
ProCredit Bank Ukraine is part of the international ProCredit group, headquartered in Frankfurt am Main, Germany. The group’s sole shareholder is ProCredit Holding AG. 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.  

ProCredit Bank is firmly committed to responsible banking, transparency, financial inclusion, and sustainable development. With a particular emphasis on green finance, the bank provides tailor-made financial solutions that enable businesses to grow while contributing to economic resilience and environmental responsibility. In Ukraine, the bank has played a vital role in supporting SMEs through both periods of growth and crisis — especially by fostering investment in agriculture, manufacturing, and renewable energy.  

For more information about ProCredit Bank in Ukraine, please visit: www.procreditbank.com.ua

 

Media Contacts
EFSE: Nusha Westhoff
Director Marketing & Communications
Mobile: +49 69 271 035-789
press@efse.lu

ProCredit Bank: Kalynovska Olga  
Senior Public Relations Specialist   
Email: Olga.Kalynovska@procredit-group.com   
Phone: +38 (050) 395 32 11