Andrei is a businessman from Novaya Kahovka. He owns a small business selling office appliances, related components, and expendable materials in one of the local malls called "Central." He launched this business about 12 years ago. Currently, his business has grown up to 20,000 UAH in monthly turnover. His monthly net profit is about 7,000 UAH.
Andrei has used microloans before and found them very instrumental for his business development. This time, Andrei is requesting a loan of 18,000 UAH to purchase parts, expendables, and other inventory items. A portion of profits generated will be invested in his business while some of it will be used to meet the needs of his family.
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.