Yaroslav Mikhno


Status: Paying Back

$875.00   Loan Amount
91% repaid

About the Entrepreneur

Name: Yaroslav Mikhno
Location: Belaya Tserkov, Ukraine
Activity: Retail

About the Loan

Loan Amount: $875.00
Loan Use: To increase inventory
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 26, 2008
Date Disbursed: Nov 4, 2008
Date Funded:Dec 8, 2008

About the Country

Country:Ukraine
Avg Annual Income:$8,000.00
Currency:Ukraine Hryvnia (UAH)
Exchange Rate:5.8280 UAH = 1 USD



Yaroslav is married with a 2-year-old daughter and lives in Belaya Tserkov, a busy town in the Kiev region. Yaroslav runs a kiosk selling varnish, coloring agents and dishware in the central market of Belaya Tserkov. He inherited this business from his father, generating his equity capital while working in Germany before returning to continue their family business. He has been running it for 6 years. Currently, he has about 10,000 Grivnas invested in inventory with income of about 6,400 Grivnas a month.

Yaroslav would like to get a 5,000 Grivna loan to purchase assorted merchandise wholesale as retail prices might go up very soon. This would allow him to keep his selling prices competitive and bring him additional profit. Yaroslav is seeking to achieve financial stability for his family. He is the only breadwinner in the family and has to provide for his family and retired father who lives with them. We believe Yaroslav’s willingness to see his business become more diversified and sustainable will ensure success of his trade and prompt repayment of the current loan.


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Journal entries for Yaroslav Mikhno


Loan has been disbursed
 
Entrepreneur: Yaroslav Mikhno
Location: Belaya Tserkov, Ukraine

Thank you for your loan. It has been disbursed to Yaroslav Mikhno by HOPE Ukraine/Nadiya, a partner of HOPE International in Ukraine. We are excited to watch this business grow. Over the next 12 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 from Belaya Tserkov, Ukraine
Dec 9, 2008
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Kiva Help Repayment Schedule for Yaroslav Mikhno

  Expected Repayments Actual Repayments Comments
February 2009 $72.92 $72.92 Repayment Received
March 2009 $72.92 $72.92 Repayment Received
April 2009 $72.92 $72.92 Repayment Received
May 2009 $72.92 $72.92 Repayment Received
June 2009 $72.92 $72.91 Repayment Received
July 2009 $72.92 $72.92 Repayment Received
August 2009 $72.92 $72.92 Repayment Received
September 2009 $72.92 $72.93 Repayment Received
October 2009 $72.92 $72.92 Repayment Received
November 2009 $72.92 $72.92 Repayment Received
December 2009 $72.92 $72.92 Repayment Received
January 2010 $72.88 Available Jan 1