Sylvia Varga

Status: Paid Back

$225.00		Loan Request
$225.00		Paid Back

About the Entrepreneur

Name:	Sylvia Varga
Location:	Beregovo, Ukraine
Activity:	Clothing Sales

About the Loan

Loan Amount:	$225.00
Loan Use:	To increase turnover capital
Repayment Term:	3 months - View details below
Lenders Repaid:	At end of term
Currency Exchange Loss:	Covered
Date Listed:	Apr 3, 2009
Date Disbursed:	Mar 6, 2009
Date Funded:	Apr 3, 2009
Loan Ended:	May 15, 2009

About the Field Partner

Field Partner:

HOPE Ukraine/Nadiya, a partner of HOPE International

Field Partner Risk Rating:

(Learn more)

Active

35 months

1645

$1,480,500

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Ukraine
Avg Annual Income:	$8,000.00
Currency:	Ukraine Hryvnia (UAH)
Exchange Rate:	8.0050 UAH = 1 USD

Sylvia sells clothing in the central marketplace of Beregovo. She offers a nice selection of merchandise for sale in her kiosk. Sylvia ventured to launch her own small business about 8 years ago. Currently, she has 18,000 Grivnas ($2,375 US) in working capital. Net profit amounts to 2,000-2,300 Grivnas a month.

Sylvia is seeking a 1,700 Grivna ($225 US) loan to add to her stock and meet the growing demand. She has already repaid several loans to Nadiya Ukraine without any delinquencies. We believe her outstanding credit history and willingness to strive for higher goals will help her repay the current loan and reach success in her business.

Note: this is a short term express loan that will be repaid in 6 weeks.

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Top Lending Teams for this entrepreneur

Artists For Change
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Czech Team
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Journal entries for Sylvia Varga

Loan has been disbursed Entrepreneur: Sylvia Varga Location: Beregovo, Ukraine Thank you for your loan. It has been disbursed to Sylvia Varga by HOPE Ukraine/Nadiya, a partner of HOPE International in Ukraine. We are excited to watch this business grow. Over the 1 months of this loan, 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 Beregovo, Ukraine Apr 4, 2009
Comments (1)

Sylvia's progress Entrepreneur: Sylvia Varga Location: Beregovo, Ukraine Sylvia used the loan to grow her venture. She succeeded in her endeavors and managed to balance her income and expenses despite all financial constraints many small vendors are facing at the moment. She continues to import clothing items from Hungary trying to keep up with demand on good quality clothes. Income generated as a result of loan use gave Sylvia a chance to privatize her housing space which has been her dream for awhile.
Posted by Olga Lutsenko from Beregovo, Ukraine May 5, 2009
Comment on this entry

Repayment Schedule for Sylvia Varga

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	Expected Repayments		Actual Repayments		Comments
June 2009	$225.00		$225.00		Repayment Received