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Oleg

Update on Oleg

Oleg used his previous loan for breeding chickens and earned good money. This time, he is requesting a loan of 7,000 hryvnia to repair his car and put on winter tires and do everything necessary in order to be able to offer winter transportation services. When the cold season begins, this business becomes a major source of income for Oleg and his family. Oleg hopes that by receiving a Kiva loan, he can easily work on his car during cold weather, therefore providing a stable income for his family.
View original language description ↓
Олег использовал предыдущий кредит для разведения цыплят и смог неплохо заработать.
В этот раз кредит в 7 000 гривен ему необходим для того, чтобы отремонтировать автомобиль и приобрести зимние колеса и все необходимое для предоставления транспортных услуг зимой. Когда наступают холода, этот бизнес становится главным источником дохода для Олега и его семьи.
Олег надеется, что, получив кредит от Кива, он сможет без проблем работать на своем транспортном средстве на протяжении холодов, тем самым стабильно обеспечивая свою семью.

Previous Loan Details

Oleg is married. He has an 8-year-old daughter and a 3-year-old son. He lives in Ivano-Frankivsk. Oleg runs an egg hatching business along with his wife and father in law. He started this family business only 2 years ago. Oleg manages to combine the egg-hatching business with the transportation s... More from Oleg'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
  • 3
    View loans »
    Ukraine Loans Fundraising
  • $6,181,775
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Oleg repair his car, put on winter tires and do everything necessary in order to be able to offer winter transportation services.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2011
Listed
Dec 9, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012