Olga Gryaznova


Status: Paid Back

$450.00   Loan Request
$450.00   Paid Back

About the Entrepreneur

Name: Olga Gryaznova
Location: Simferopol, Ukraine
Activity: Clothing Sales

About the Loan

Loan Amount: $450.00
Loan Use: To increase her stock and turnover
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 8, 2008
Date Disbursed: Aug 22, 2008
Date Funded:Aug 8, 2008
Loan Ended:Jan 15, 2009

About the Country

Country:Ukraine
Avg Annual Income:$8,000.00
Currency:Ukraine Hryvnia (UAH)
Exchange Rate:4.6250 UAH = 1 USD



Olga is single. She lives in Simferopol, Crimea, with her mother and sister. Olga launched her enterprise 12 years ago with the assistance of her partner. Today she is still selling women's clothing in the central market of her city. She charges only 50% extra on each piece of clothing, which has become one of the best attractions in her business. Olga has about $2,000 invested in merchandise, and her net profit is about $400 each month. Her affordable pricing policy causes good turnover of her inventory and brings Olga high profits.

Olga is seeking a 2000 Grivna ($450) loan to increase her turnover and sales rates. Olga started this business when she couldn't find any other way to support herself and her family, so this venture is just like her baby, and she is very excited to see it expand and become sustainable. Olga is hoping to make good money in business and eventually do some repairs to her family's house.

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Sheryl
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Journal entries for Olga Gryaznova


Loan has been disbursed
 
Entrepreneur: Olga Gryaznova
Location: Simferopol, Ukraine

Thank you for your loan. It has been disbursed to Olga Gryaznova by HOPE Ukraine/Nadiya, a partner of HOPE International in Ukraine. We are excited to watch this business grow. Over the next 4 months, 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 Olga Lutsenko from Simferopol, Ukraine
Aug 11, 2008
Comment on this entry

Olga's health problems
 
Entrepreneur: Olga Gryaznova
Location: Simferopol, Ukraine

Olga had an accident a month and a half ago. She broke her leg and had to stay at home all this time. Her sister helped her out and ran her business while Olga was on sick leave. Olga’s friends were very helpful as they were the ones who submitted payments for Olga while she couldn’t walk.


Posted by Olga Lutsenko from Simferopol, Ukraine
Dec 19, 2008
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Kiva Help Repayment Schedule for Olga Gryaznova

  Expected Repayments Actual Repayments Comments
November 2008 $112.50 $113.00 Repayment Received
December 2008 $112.50 $113.00 Repayment Received
January 2009 $112.50 $111.50 Repayment Received
February 2009 $112.50 $112.50 Repayment Received