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Yuryi

Update on Yuryi

Yuryi grows early vegetables in greenhouses. This time, he needs additional funds to install heating in greenhouses, which would allow him to gather the harvest earlier and sell it at a more profitable price. Yuryi used his previous loan to buy various consumable materials. He spent the received profit on personal needs and invested some of it into the business. Yuriy intends to develop his business further by increasing the number of greenhouses and, therefore, increasing his profit.
View original language description ↓
Юрий выращивает ранние овощи в теплицах. В этот раз ему нужны дополнительные средства для установки отопления в теплицах, что позволит ему собирать урожай раньше и продавать его по более выгодной цене. Прошлый кредит Юрий использовал для закупки расходных материалов. Полученную прибыль он потратил на личные нужды, а часть вложил обратно в бизнес. Юрий намерен развивать свой бизнес дальше, увеличивая количество теплиц, а соответственно и прибыль.

Previous Loan Details

Yuryi lives in Vodyanoye and earns his living growing tomatoes in greenhouses. He owns 4 big greenhouses and 2 separate ones for seedlings. Yuryi has been in the farming business for 6 years. He has already invested about 100,000 grivnyas in his venture. His annual expenses on seeds and film amou... More from Yuryi'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
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,208,075
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Yuryi to install heating in greenhouses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2012