Erika Golyak


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

Name: Erika Golyak
Location: Korolyovo, Ukraine
Activity: Souvenir Sales

About the Loan

Loan Amount: $650.00
Loan Use: To increase assortment of inventory
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 12, 2008
Date Disbursed: Sep 26, 2008
Date Funded:Sep 12, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Ukraine
Avg Annual Income:$8,000.00
Currency:Ukraine Hryvnia (UAH)
Exchange Rate:4.7657 UAH = 1 USD



Erika is an entrepreneur from the small town of Korolyovo. She owns a nice little store selling souvenirs and gifts. Erika makes a good profit and always has many clients as there is little competition in the area. Erika has been in this sphere of trade for about 5 years. Presently, she is getting about US$ 1000 in income. Over US$ 10,000 is invested in inventory.



One of the most positive characteristics of her venture is stability. Financial assistance from Nadiya Ukraine has added much to growing the sustainability of her enterprise. Today Erika is hoping to get a 3000 Grivna loan to increase the assortment of merchandise and earn extra profit as a result. The loan will be a big help to Erika as she is a widow and has to rely on herself alone in terms of providing a decent living.


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Journal entries for Erika Golyak


Loan has been disbursed
 
Entrepreneur: Erika Golyak
Location: Korolyovo, Ukraine

Thank you for your loan. It has been disbursed to Erika Golyak by HOPE Ukraine/Nadiya, a partner of HOPE International in Ukraine. We are excited to watch this business grow. Over the next 6 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 Korolyovo, Ukraine
Sep 15, 2008
Comment on this entry

Changes
 
Entrepreneur: Erika Golyak
Location: Korolyovo, Ukraine

Erika has fully repaid her loan, prepared all necessary paperwork and moved to the States. She has family members who have immigrated to America several years ago and have been inviting her to come, too. Erika realized her business wasn’t bringing her any profit, even causing losses. She decided to try luck in America pursuing American dream. She is hoping to stay in the States for at least a year.


Posted by Olga Lutsenko from Korolyovo, Ukraine
Apr 3, 2009
Comment on this entry

Kiva Help Repayment Schedule for Erika Golyak

  Expected Repayments Actual Repayments Comments
December 2008 $108.33 $109.00 Repayment Received
January 2009 $108.33 $107.67 Repayment Received
February 2009 $108.33 $108.33 Repayment Received
March 2009 $108.33 $108.33 Repayment Received
April 2009 $108.33 $108.33 Repayment Received
May 2009 $108.35 $108.34 Repayment Received