The project is sponsored by MHP. Mr. Yuriy Kosyuk, a local entrepreneur, owns 100% of WTI Trading Ltd, which in turns owns approximately 78% of MHP. The remaining 22% is floated on the London Stock Exchange. Mr. Kosyuk graduated from the Ukrainian Food Institute in 1991 and established MHP in 1998. Prior to launching his poultry business, Mr. Kosyuk was involved in various business activities, including grain and retail trading, food processing.

IFC is to provide an A Loan into the Project of up to US$50 million from its own account and a Partial Credit Guarantee on a leasing portfolio of agricultural machinery to MHP in the amount of up to US$18 million. The A Loan would be for working capital for crop cultivation and to secure the land lease rights.

61.25 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	11.25
Loan	50.0
Equity

* These investment figures are indicative

The main location of the project is in the Vinnytsa region in Ukraine.

The primary beneficiaries of the project will be its financiers (through higher incomes). There are specific developmental impacts associated with the investment which are summarized below: SME Development: MHP supports a network of 2,256 entrepreneur franchise SMEs that sell the Company's products. Most of these SME are owned and operated by women, often in underserved rural locations, so these enterprises have a significant economic presence. Under the terms of the franchising agreement, the Company provides basic training for the franchisees, a consistent supply of poultry products as well as advertising and promotional support. Employment: The Company currently employs 20,579 workers in total, 8,535 of which are female. As a result of the investment program employment is expected to increase by an additional 7,000 workers. Environmental and Social Standards: As part of the MHP's previous investments with IFC, it undertook extensive efforts to meet terms of the previous Environmental and Social Action Plan (ESAP). The Company has continued to grow rapidly and needs to formalize its Environment and Social Monitoring System (ESMS) to meet the needs of a larger, more extensive enterprise.

IFC is to provide medium term financing to address the Company's immediate needs complementing IFI's efforts in the Country. Furthermore, IFC's guarantee will enable the lessor to fulfill its role in the current economic environment.

The environmental and social aspects of the Project are considered in the Environmental and Social Review Summary disclosed at IFC’s website and InfoShop.