The Western NIS Enterprise Fund has provided a 5% loan to the Tourist and Sports Club 'Manivtsi' to enhance its recreational services for youth in Ukraine.
Target Information
The recipient of the loan is the Lviv City NGO, the "Tourism and Sports Club 'Manivtsi'". This organization, led by social entrepreneur Sofia Stupko, focuses on providing recreational opportunities and social activities for children and young adults through various outdoor sports activities. Established in 2008, the club has significantly expanded its scope over the years, utilizing its profits to fund social projects and enhance its facilities, including the construction of one of Ukraine's highest open climbing walls and the first social multisport gym in Lviv.
The loan provided by PJSC 'Kredobank' under the guidance of the Western NIS Enterprise Fund (WNISEF) will be utilized for improvements to a land plot in Berezyna village, which includes the establishment of a tent camp as well as purchasing transportation equipment. Additionally, the funding will facilitate the acquisition of gaming equipment and the development of a website to support corporate entertainment services, equipment rental, and an automated sales system aimed at promoting individual recreation.
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Industry Overview in Ukraine
Ukraine's social enterprise sector has been gaining traction over the past few years, driven by a collective effort to address social challenges while promoting economic sustainability. With numerous organizations like 'Manivtsi' operating throughout
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in a Venture Debt deal