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German
German has been able to combine his love of the outdoors with business in his small sales operation where he sells coats and cold weather gear and a variety of denim clothing. He runs several kiosks in the town of Marganetz, near Nikopol, Ukraine.


German has done well with his business. He started 10 years ago. Currently he has about $4000 worth of inventory in his kiosks and he makes about $400 per month. He is able to set himself apart from his competitors by offering a large selection of products for customers to choose from. German is a hard-working, goal-oriented businessman who’d like to continue growing his enterprise by opening new sales locations.


German has requested a loan to increase his working capital. This will give him the flexibility to purchase inventory at reduced prices and help him pursue his goals for business expansion.

Additional Information

About HOPE Ukraine

HOPE International, a Christian faith-based non-profit organization, has been operating in Ukraine since 1997. HOPE Ukraine was the organization’s first international venture. In addition to its core microfinance activities, HOPE also supports an active children's ministry in Ukraine in the form of “Tomorrow Clubs,” after-school programs that teach children the gospel through games, skits and songs.

About Ukraine

  • $8,000
    Average annual income
  • 7
    View loans »
    Ukraine Loans Fundraising
  • $6,208,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped German increase inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 22, 2007
Listed
May 24, 2007
Currency Exchange Loss:
N/A
Ended:
Dec 8, 2007