Update on FedorFedor need additional means to buy seeds and greenhouse film. Because the prices for these goods have been going up, savings from his business are not enough. In addition, Fedor believes that taking out a business loan is convenient and advantageous. Last year Fedor also took out a loan to buy greenhouse film, seeds and fertilizers. His harvest was good, but somewhat late, therefore the produce was sold for a lower price, and Fedor did not manage to increase his revenues. Last year Fedor had his car repaired (it was necessary to buy many spare parts) and made some minor repairs in the house. Fedor has an additional source of income, since he performs welding jobs during construction of greenhouses, and he always many work orders.
В прошлом году Федор также брал кредит на пленку, семена и удобрения. Урожай был хороший, но немного поздний, поэтому был распродан по более низкой цене, в связи с чем увеличить прибыль не удалось.
В прошлом году Федор отремонтировал машину (пришлось приобрести много запчастей), сделал небольшой ремонт в доме. Федор имеет дополнительный доход, т.к. выполняет сварочные работы на строительстве теплиц и постоянно имеет много заказов.
Previous Loan DetailsFedor is married with two small daughters. He runs a greenhouse business growing and selling tomatoes, cucumbers and other vegetables. Fedor has been in this business for 17 years. He is a very hardworking and disciplined person. Fedor purchased a vehicle and now he needs some additional capit... More from Fedor'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
- 9 months (Additional Information)
- Repayment Schedule
- Jan 6, 2012
- Jan 20, 2012
- Currency Exchange Loss:
- Aug 16, 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.