Update on VladimirVladimir regularly uses the KIVA loans as this is a handy way to supplement his businesses' cash flow. Currently he needs to purchase a batch of down lined and other insulated winter jackets as well as winter sneakers.
Vladimir's last credit has helped him to expand his store's inventory and attract new clients, resulting in higher profits. Vladimir loves gardening so he has spent some of the earnings to purchase new trees and bushes to plant in front of his house.
In 2003 Vladimir purchased a store where he is selling tobacco for water pipes and pipes, as well as cigars, cigarettes and expensive wines and liquors. After a year he has changed the focus of the store to sell sport clothes instead.
Предыдущий кредит помог Владимиру расширить ассортимент товара, приобрести новых покупателей и получить дополнительную прибыль. Владимир любит садоводчество, поэтому он тратит часть полученных денег на закупку новых деревьев и кустарников, которые он высаживает возле своего дома.
Владимир в 2003 году купил магазин, в котором сейчас торгует, и начал продавать табак для кальянов и трубок, сигары, сигареты, а также дорогие вина и коньяки. А потом через год, перепрофилировал магазин на спортивную одежду.
Previous Loan DetailsVladimir is married and has two adult children. He lives and works in Nikopol. Vladimir trades in man's sportswear. One of his clients suggested that he move his business from the market to a store where his goods do not get worn out and beaten up, and so he did. Vladimir has a spacious shop in ... More from Vladimir's previous loan »
About HOPE UkraineHOPE 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Nov 15, 2011
- Dec 1, 2011
- Currency Exchange Loss:
- Jun 27, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.