Gennadyi is married and has two teenage sons. He lives in the town of Kamenka, where he makes a living selling office supplies, books, text books, plastic bags and other retail items. Over the years, he has established good connections with local schools and other organizations which help him keep his sales pretty high all year long. Gennadyi has been in this business for 10 years, and currently has an inventory worth 40,000 Grivnyas. His net profit comes to about 3,000-5,000 Grivnyas a month.
Gennadyi has used micro loans before and found them a great way to increase the success of his business. He is applying for a loan of 18,046 Grivnyas to buy additional merchandise that students will need during the school year that just started. He is hoping to generate extra income this season so that he can continue to grow his small business. He has an impeccable credit record and is confident that he can repay the current loan without any problems.
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.