Marina Semyonova


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Marina Semyonova
Location: Melitopol, Ukraine
Activity: Clothing Sales

About the Loan

Loan Amount: $625.00
Loan Use: To buy additional clothing
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 24, 2008
Date Disbursed: Oct 8, 2008
Date Funded:Sep 24, 2008
Loan Ended:May 15, 2009

About the Country

Country:Ukraine
Avg Annual Income:$8,000.00
Currency:Ukraine Hryvnia (UAH)
Exchange Rate:4.9520 UAH = 1 USD



Marina runs a small business, selling clothing items in Melitopol's busy central market. She is a widow with a son who is still in college. Marina has been self-employed in clothing sales for 13 years and is the sole breadwinner for her family.

Marina is a very determined woman, and she is serious about her business. These characteristics have helped her promptly repay all her loans from Nadiya Ukraine during her four years of partnership with our organization. Maintaining a reasonable pricing policy and client-friendly service have always been priorities in Marina's work and have ensured the success of her business. Presently, she has about $1,000 of working capital and a monthly net profit of $600. Marina is asking for a loan of 3000 Grivnas ($625 USD) to increase her assortment of clothing products. She is hoping to use the extra financial support to stock up on more merchandise. The loan will not only be beneficial for Marina's business, but it will also help her meet her household expenses and to set aside some savings for future needs.

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Journal entries for Marina Semyonova


Loan has been disbursed
 
Entrepreneur: Marina Semyonova
Location: Melitopol, Ukraine

Thank you for your loan. It has been disbursed to Marina Semyonova 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 Melitopol, Ukraine
Sep 25, 2008
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Kiva Help Repayment Schedule for Marina Semyonova

  Expected Repayments Actual Repayments Comments
January 2009 $104.17 $104.17 Repayment Received
February 2009 $104.17 $104.17 Repayment Received
March 2009 $104.17 $104.17 Repayment Received
April 2009 $104.17 $104.17 Repayment Received
May 2009 $104.17 $104.17 Repayment Received
June 2009 $104.15 $104.15 Repayment Received