The project's objective was to help a successfully developing company to finance its further growth. FinInterCom manufactures water-dispersion paint at a volume of 1200 tons per year for a 2004 planned turnover of $1 m. Turnover had increased 100% year on year as compared to 2003 (600 tons for $ 500 000 turnover). Prior to the project, FinInterCom employed 42 people and planned expansion would add 25 more jobs, mainly for high-skilled former Mayak employees with chemicals knowledge.
Final audit proved that the beneficiary had fulfilled its obligations in full and had overfulfilled its obligations as concerns job creation. 24 jobs / including 17 for ex-workers of Mayak had been created vs 24 /14 planned initially).
The project is considered to have been completed successfully.
The company developed a new proposal for the CNCP consideration for which market research and business planning was carried out but the proposal did not proceed to Full Projects.