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Update on Olga

Olga is again applying for Kiva credit, because she really likes the convenience and favorable conditions of the loan. She has borrowed before and was very satisfied with the experience. This time, she plans to use the loan of 20,000 UAH to buy wholesale tomato and cucumber seeds, to sell to greenhouse farmers in her region. Having made a profit thanks to her previous loan, Olga purchased a mini-bus for transporting goods. Additionally, this fall she was able to take a vacation with her family in the town of Slavskoie, in the Carpathian Mountains. Soon her daughter will get married, and Olga's family is already planning the wedding and making the necessary preparations.
View original language description ↓
Ольга снова обратилась за кредитом КИВА, потому что ей очень нравятся эти выгодные и удобные условия кредитования. Она попробовала один раз и осталась очень довольна. В этот раз она планирует использовать кредит в 20 000 гривен для того, чтобы закупить семена помидор и огурцов для продажи фермерам-тепличникам в своем регионе. Получив прибыль благодаря предыдущему кредиту, Ольга смогла приобрести грузовой микроавтобус для перевозки товара. Более того, в этом году она смогла позволить себе отдохнуть с семьей осенью в Славском, Карпатах. Скоро дочь Ольги собирается замуж, семья Ольги уже планирует эту свадьбу и готовится к ней.

Пометка: история на РУССКОМ языке

Previous Loan Details

Olga is an entrepreneur from Kamenka-Dneprovskaya. She lives in this predominantly agricultural region of Ukraine and sells seeds, fertilizers and polyethylene film to local farmers who run small farms with greenhouses. Olga and her husband started their small business 11 years ago. Since then th... More from Olga'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
  • $6,342,700
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Olga to purchase wholesale tomato and cucumber seeds for sale to local greenhouse farmers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 20, 2011
Nov 1, 2011
Currency Exchange Loss:
May 18, 2012
This photo was used before for a previous loan for Olga. It was first posted on Kiva on Jun, 2011. Learn More