KIEV, April 11 – The World Group's International Finance Corporation is to lend $95 million to Kernel Holding S.A. and its subsidiaries for financing their working capital.

The Board of Directors will decide on the loan on May 10, IFC said in an announcement on its website.

"IFC loan will support a leading grain trader, crusher and a primary agricultural producer with significant linkages to the economy of rural areas. Kernel employs over 14,500 people on a full time basis, including 8,690 in its farming division. Through its wide origination network Kernel annually procures in excess of 2 million tons of sunflower seeds and more than 3 million tons of grains from about 5,000 farmers. In 3 years, the company plans to increase its procurement volumes by 30%, which would expand its reach to 6,500 farmers," the announcement reads.