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Update on Sergey

Sergey needs to buy another inventory of merchandise because he expanded his business and now has two retail outlets. He put his son in charge of the purses department in a Novomoskovsk wholesale center and resumed sales at a market. Having received this loan, Sergey plans to go to a wholesale market in Odessa in his white Volkswagen Kadi, which he uses for his business and family. Together with his wife Yelena, Sergey lives in a private house in a suburb. Their children and grandchildren live with them as well.
View original language description ↓
Сергею нужно закупить партию товара, так как он расширил свой бизнес и сейчас у него две торговых точки. Он поставил свего сына менеджером в отдел сумок в торговом центре в Новомосковске, а сам возобновил торговлю на рынке. Получив кредит Сергей планирует поехать на оптовый рынок в Одессу на своем Фолькваген КАДИ белого цвета, который он использует как для бизнеса, так и для семьи. Вместе со своей женой Еленой Сергей проживают в частном доме в пригороде. Вместе с ними живут их дети и внуки.

Previous Loan Details

Sergey is married with two grown children. He is a businessman from Novomoskovsk. Sergey sells bags, backpacks, suitcases etc. He also offers a leather accessories' repair service. Currently, Sergey has 90,000 Grivnyas in inventory. His income is 8,500 Grivnyas a month. Sergey started his bus... More from Sergey'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 $2,525 helped Sergey to purchase purses, backpacks and suitcases.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 12, 2011
Oct 19, 2011
Currency Exchange Loss:
Aug 16, 2012
This photo was used before for a previous loan for Sergey. It was first posted on Kiva on Feb, 2011. Learn More