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Vasyl is married. He has two daughters. His family of four lives in a town of Khoost, Western Ukraine. Small towns and villages have little to offer to people in Ukraine. Many have hard time finding a decent paying job and remain unemployed. Vasyl realized he had to find a way to feed his family. This is how he ended up being a small market businessman selling household items in the central marketplace of his home town. Vasyl grew his business a lot in the past 7 years due to his scrupulousness and professional accounting skills. Currently, he has 5,000 Grivnyas of income each month.

Vasyl is requesting a loan of 8,000 Grivnyas to increase his turnover capital and diversify his inventory. He realizes retail household items are always in demand which is why they always sell well. Vasyl is hoping to open additional vending location if his business continues to expand at the same pace.

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

  • $8,200
    Average annual income
  • 6
    View loans »
    Ukraine Loans Fundraising
  • $6,400,325
    Funds lent in using Kiva
  • 8.3
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Vasyl to increase turnover capital.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Sep 22, 2009
Oct 13, 2009
Currency Exchange Loss:
Jan 15, 2010