Sergyi Ganichenko


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Entrepreneur

Name: Sergyi Ganichenko
Location: Belaya Tserkov, Ukraine
Activity: Retail

About the Loan

Loan Amount: $1,000.00
Loan Use: To increase turnover capital
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 21, 2008
Date Disbursed: Oct 6, 2008
Date Funded:Sep 22, 2008
Loan Ended:May 15, 2009

About the Country

Country:Ukraine
Avg Annual Income:$8,000.00
Currency:Ukraine Hryvnia (UAH)
Exchange Rate:5.0738 UAH = 1 USD



Sergyi is single. He runs a small business selling linen sheets in a store located in the central city market. Sergyi is a young and eager entrepreneur. He started this business only a year ago. However, he has already invested about $8,000 in inventory. He is currently making about $600 in profit.

Sergyi is hoping to get a stable standing in life to be able to provide not only for himself, but for his potential family, as well. Sergyi's mother is an entrepreneur working in the same sphere of trade. He can always rely on her advice and experience as he is making his first steps on this extremely risky business path. Sergyi is seeking a 5000-Grivna loan to increase his turnover capital and move further with his business expansion plans.

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Journal entries for Sergyi Ganichenko


Loan has been disbursed
 
Entrepreneur: Sergyi Ganichenko
Location: Belaya Tserkov, Ukraine

Thank you for your loan. It has been disbursed to Sergyi Ganichenko 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 Belaya Tserkov, Ukraine
Sep 22, 2008
Comment on this entry

Business growth
 
Entrepreneur: Sergyi Ganichenko
Location: Belaya Tserkov, Ukraine

Sergiy took loan from Kiva to increase his turnover capital. As a result he was able not only purchase great assortment of new merchandise for sale, but also make small remodelling at home and make it more comfortable. The rest of profit he received from his sales he reinvested into his small but consistently growing business.


Posted by Olga Lutsenko from Belaya Tserkov, Ukraine
Jul 15, 2009
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Kiva Help Repayment Schedule for Sergyi Ganichenko

  Expected Repayments Actual Repayments Comments
January 2009 $166.67 $166.67 Repayment Received
February 2009 $166.67 $166.67 Repayment Received
March 2009 $166.67 $166.67 Repayment Received
April 2009 $166.67 $166.67 Repayment Received
May 2009 $166.67 $166.67 Repayment Received
June 2009 $166.65 $166.65 Repayment Received