Boris Gagelgantsev

Status: Paying Back

$825
Loan Request
Pre-Disbursed : Apr 9, 2009
Listed: Apr 16, 2009
Funded: Apr 17, 2009
87% repaid

About the Country

Country:Ukraine
Avg Annual Income:$8,000
Currency:Ukraine Hryvnia (UAH)
Exchange Rate:8.0050 UAH = 1 USD


About the Loan

Location: Beregovo, Ukraine   Repayment Term: 12 months
(more info)
Activity: Home Products Sales   Repayment Schedule: Monthly
Loan Use: To increase the variety of goods he sells   Currency Exchange Loss: Covered
      Default Protection: Covered
Boris is 63 years old. He lives with his wife in a private house in Beregovo. He sells various home products in his kiosk located at the central market. Boris has been in this business for 5 years. The good location of his kiosk, large assortment of goods, and low prices bring many customers in. Moreover, the business of selling small home products does not have seasonal ups and downs. It enables Boris to have a stable income.

Boris would like to borrow 6,500 Ukranian Hryvna to increase the assortment of his goods. He came to the conclusion that a larger assortment would enable more people to purchase what they need at one location. Thus the assortment is the key factor for his business.


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Journal entries for Boris Gagelgantsev


Loan has been disbursed
 
Entrepreneur: Boris Gagelgantsev
Location: Beregovo, Ukraine

Thank you for your loan. It has been disbursed to Boris Gagelgantsev by HOPE Ukraine/Nadiya, a partner of HOPE International in Ukraine. We are excited to watch this business grow. Over the 9 months of this loan, HOPE Ukraine/Nadiya, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Beregovo, Ukraine
Apr 18, 2009
Comments (1)

Update
 
Entrepreneur: Boris Gagelgantsev
Location: Beregovo, Ukraine

Boris has almost repaid his loan. When he came with the last payment he gladly shared that his business goes well and new assortment of goods attracted new clients. Now he has bigger variety of merchandise and additional money. Now he is able to help his children a little and also do remodelling in his house.


Posted by Olga Lutsenko from Beregovo, Ukraine
Nov 10, 2009
Comments (1)

Kiva Help Repayment Schedule for Boris Gagelgantsev

  Expected Repayments Actual Repayments Comments
July 2009 $82.50 $171.35 Repayment Received
August 2009 $82.50 $0.00 Repayment Received
September 2009 $82.50 $342.69 Repayment Received
October 2009 $82.50 $0.00 Repayment Received
November 2009 $82.50 $171.35 Repayment Received
December 2009 $82.50 $39.35 Repayment Received
January 2010 $82.50 $0.00 Repayment Received
February 2010 $82.50 $0.00 Repayment Received
March 2010 $82.50 Available Mar 1  
April 2010 $82.50 Available Apr 1