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Vitalyi's Group
In this Group: Vitalyi
Vitalyi, married with two daughters, lives in Novomokovsk and earns his living offering cargo transportation services in Ukraine. Vitalyi’s business has been impacted by developments in the farming industry, rich harvests keeping him busy as he travels all around the country with a variety of freight. Vitalyi has been in this sphere of business for two years and his present net profit amounts to 4,700 Grivnyas a month.

Vitalyi owns two vans and is requesting a loan of 6,000 Grivnyas to do some repair work on his vehicles. Properly operating vans will help him perform his work more efficiently, wasting less fuel and lubricants. Vitalyi is hoping to generate additional income and eventually purchase one more vehicle to further expand his trade.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ukraine

  • $8,000
    Average annual income
  • 3
    View loans »
    Ukraine Loans Fundraising
  • $6,181,775
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A portion of Vitalyi's Group's $750 loan helped a member to repair his vehicles.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2009
Listed
Dec 11, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010