Entrepreneurship in practice
“I decided to engage in the production of flexible packaging, made of propylene. This is a new industry area which is rapidly developing and with a constant growing demand especially in from the agricultural industry. By building up my production I hope to create additional employment,” says Isichenko.
When he decided to approach ProCredit Bank for a loan, he had 31 employees, and in the first year itself his production increased by 20%. Now, his business employs more than 100 people and caters to clients who are not only small and medium sized enterprises, but also large Ukrainian companies. His business now also has products for export. “I believe that all power is in the people, so I rely on a team of specialists to achieve that goal – which is our team moving ahead step by step.”
“Organizing raw material from local suppliers has been a challenge for my business, and with the political instability and its negative effects on the economic situation in the country life has not become easier. It has been a real challenge to create a team from zero, but ProCredit Bank, with their professionalism in dealing with me and my loans has helped me in increasing sales. With this financing, I hope to increase my staff and invest in additional equipment which will lead to increased sales across the country and abroad. I also hope to start my own line for production of raw material.”