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Update on Roman

This time, Roman expressed his desire to obtain a loan because he had anticipated an increase in prices and decided to purchase merchandise in advance, at lower prices. He used the funds from the loan to purchase flour, sugar, salt, pasta, mayonnaise, canned fish, tea, coffee and other products for sale. Using the previous loan, Roman was able to expand the assortment of his products and increase his profits. Roman values the loans he obtained and considers it unacceptable to be late on payments even by one day.
View original language description ↓
В этот раз Роман изъявил желание воспользоваться кредитом, так как предвидел рост цен и решил закупить товар заранее, по более низкой цене. На кредитные средства Роман приобрел муку, сахар, соль, макароны, майонез, консервы рыбные, чай кофе и др. продукты для реализации.

За счет предыдущего кредита Роман смог расширить ассортимент своей продукции и увеличить прибыль. Роман ценит полученные кредиты и считает недопустимым опаздывать с выплатами даже на один день.

Previous Loan Details

Roman V. is a married man who earns a living by selling food at the food market in Drogobych town. Roman has been in this business for seven years. He explains that he enjoys selling food. His low prices, large assortment of goods, and excellent client service attract clients. Roman has many ... More from Roman's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Ukraine

  • $8,200
    Average annual income
  • 3
    View loans »
    Ukraine Loans Fundraising
  • $6,313,275
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Roman to purchase additional inventories at low prices.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 13, 2011
Sep 21, 2011
Currency Exchange Loss:
Apr 15, 2012
This photo was used before for a previous loan for Roman. It was first posted on Kiva on Apr, 2011. Learn More