Update on SergeiSegei used his previous Kiva loan to install heating in his greenhouses, but, unfortunately, bought a bad boiler, installed it too late and incorrectly. As a result, his harvest did not come out as originally planned. However, Sergei does not despair. He understands that he gained experience and now wants to redo everything, having the knowledge and understanding of what and how needs to be done. This time, Sergei came to Kiva for financial assistance because he wants to complete installing the heating system and plans to buy coal. Moreover, he also needs to buy pipes, pumps and faucets to finish the process of installing the heating system. Sergei's family is young. His wife also works. They were recently able to purchase a car and have plans to buy another nearby land plot.
В этот раз Сергей обратился в КИВА за кредитной помощью, так как он хочет закончить проведение отопления и планирует закупить уголь. Более того, ему еще необходимо приобрести трубы, насосы, краны для завершения процесса проведения отопления.
Семья Сергея - молодая. Жена Сергея тоже работает, недавно смогли приобрести автомобиль, есть планы на покупку дополнительного земельного участка неподалеку.
Previous Loan DetailsSergei is married with one three-year old son. He runs a small business raising vegetables in greenhouses. Sergei has been in this business for four years. He enjoys it very much and wants to develop it further. Last year Sergei got a micro loan and used it to build the second greenhouse. This... More from Sergei'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
- Jan 13, 2012
- Jan 24, 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.