OREANDA-NEWS. April 04, 2013. Due to MEGABANK’s credit enterprise "Dzherelo" (village of Borova, Kharkov region) enlarged a agricultural equipment base.

Its director Sergei Sinitsky said that the enterprise was created in 2003 by renting one share of land of 4 hectares. Each year the area of cultivated land grew and today is 684 hectares. This year the farmer intends to increase the area for another 394 hectares. Sinitsky said that initially the enterprise leased vehicles for agricultural work, but thanks to the financial support of MEGABANK it has bought own equipment. These are two tractors "Belarus 892", harvester "Don-1500B" and sprayer "Atlantic".

The company specializes in the production and sale of grain and industrial crops. Key crops are winter wheat, spring barley, sunflower. Another direction of work of "Dzherelo" is providing rental services of agricultural machinery.

Reference. MEGABANK credited the enterprise "Dzherelo" under the program within the cooperation with the European Fund for Southeast Europe (EFSE).

MEGABANK actively cooperates with international financial organizations. Nowadays it has 17 international long-term programs within concluded loan agreements for UAH 1,422 mln. in equivalent with 10 investors including:

European Bank for Reconstruction and Development: 2 programes to support micro, small and medium sized businesses for USD 20 mln. and for USD 15 mln. correpondently and energy efficiency program in Ukraine for USD 13.5 mln.;

German state bank (KfW): program to support small and medium sized businesses for USD 10 mln. and the loan on terms of subordinated debt for USD 6.5 mln.;

International Finance Corporation (IFC): the loan on terms of subordinated debt for USD 7 mln. and program to support small and medium sized businesses for USD 9 mln.;

OJSC "Ukreximbank" (the World Bank line): the 2-d export development project in Ukraine for the amount of USD 24.5 mln.;

German-Ukrainian Fund (GUF): program to support micro, small and medium sized businesses for EUR 5 mln.;

European Fund of South-Eastern Europe (EFSE): 4 programs to support micro, small and medium sized businesses for USD 27 mln., including support program for agricultural businesses – USD 12 mln.;

WorldBusiness Capital, Inc. under security of OPIC: program to support small and medium sized businesses for USD 10 mln.;

Bank of Development of the Kingdom of the Netherlands (Financierings-Maatschappij vооr Ontwikkelingslanden NV – FMO): program to support small and medium sized businesses for USD 15 mln.;

GREEN FOR GROWTH FUND, SOUTHEAST EUROPE S.A.: funding program for investments in energy efficiency and renewable energy for USD 10 million;

Fund responsAbility from Luxembourg: micro crediting program for the amount of USD 4 mln.