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Mnatsakan

Update on Mnatsakan

Mnatsakan needs funds to build an additional greenhouse. He needs to buy metal fixtures and plastic, which are the necessary materials for building a greenhouse. Mnatsakan used his previous loan to build a greenhouse. He expands every year. He made a profit - this year, Mnatsakan was able to earn a gross income of 90 thousand hryvnia from sales, despite the fact that prices were very low during this season. His younger daughter was accepted to attend a college, and the oldest son already works and lives independently.
View original language description ↓
Мнацакан нужны средства на постройку дополнительной теплицы. Для этого надо купить железную арматуру и пленку - материалы для постройки теплицы. Прошлый кредит Мнацакан использовал на постройку теплицы. Каждый год расширяется. Получил прибыль - в этом году Мнацакан смог наторговать 90 тыс грн (валовый доход) несмотря на то, что цены в этом сезоне были очень низкими. Младшая дочь поступила учиться в колледж; старший сын уже работает, живет самостоятельно.

Previous Loan Details

Mnatsakan is married with three children, who are 22, 17, and 4 years old. He runs a small farm having two green houses to raise tomatoes, cucumbers and other vegetables. This is a family business. Mnatsakan’s wife and older children help him to take care of green houses. Mnatsakan is a very… More from Mnatsakan'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

  • $8,000
    Average annual income
  • 1
    View loans »
    Ukraine Loans Fundraising
  • $6,145,200
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Mnatsakan to build an additional greenhouse.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 7, 2011
Listed
Oct 13, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Mnatsakan. It was first posted on Kiva on Dec, 2010. Learn More