Mykola Chudo

Status: Paying Back

$1,225.00		Loan Amount

16% repaid

About the Entrepreneur

Name:	Mykola Chudo
Location:	Belaya Tserkov, Ukraine
Activity:	Clothing Sales

About the Loan

Loan Amount:	$1,225.00
Loan Use:	to increase his working capital
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Possible
Date Listed:	Oct 13, 2009
Date Disbursed:	Sep 16, 2009
Date Funded:	Oct 18, 2009

About the Field Partner

Field Partner:

HOPE Ukraine/Nadiya, a partner of HOPE International

Field Partner Risk Rating:

(Learn more)

Active

35 months

1643

$1,477,750

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Ukraine
Avg Annual Income:	$8,000.00
Currency:	Ukraine Hryvnia (UAH)
Exchange Rate:	8.2805 UAH = 1 USD

Mykola is married. He runs a small business selling women’s clothing in Belaya Tserkov. He owns two vending kiosks in the central market of his home town. Mykola has been in this trade for 10 years. Presently, he has 23,000 Grivnyas. His average gross income is about 20,000 Grivnyas a month. Monthly net profit amounts to 3,730 Grivnyas.

Mykola is seeking a loan of 10,000 Grivnyas. He is planning to use the loan to purchase additional merchandise for retail sale in his kiosks. Mykola is hoping to continue running his business ensuring sustainability for him and his family. Mykola has good credit history with all his previous loans being paid back promptly.

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Journal entries for Mykola Chudo

Loan has been disbursed Entrepreneur: Mykola Chudo Location: Belaya Tserkov, Ukraine Thank you for your loan. It has been disbursed to Mykola Chudo by HOPE Ukraine/Nadiya, a partner of HOPE International in Ukraine. We are excited to watch this business grow. Over the 6 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 Belaya Tserkov, Ukraine Oct 19, 2009
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Repayment Schedule for Mykola Chudo

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	Expected Repayments	Actual Repayments	Comments
December 2009	$204.17	$204.17	Repayment Received
January 2010	$204.16	Available Jan 1
February 2010	$204.17	Available Feb 1
March 2010	$204.17	Available Mar 1
April 2010	$204.17	Available Apr 1
May 2010	$204.16	Available May 1