Update on YelenaYelena has invested the borrowed funds that she received from Kiva the previous time to restock the seasonal assortment of products.
Yelena hopes to use a Kiva loan in the amount of 20 000 hryvnia in order to purchase spring clothing to sell at the market. By increasing the level of sales she hopes to get extra income to develop her business even further and also to purchase necessary household appliances to improve her family's daily life.
Елена надеется использовать кредит КИВА в размере 20 000 гривен для того, чтобы закупить одежду весеннего ассортимента для последующей его реализации на рынке. За счет увеличения уровня продаж она надеется получить дополнительную прибыль, развивать бизнес и дальше, а также приобрести необходимую бытовую технику и улучшать быт семьи.
Previous Loan DetailsYelena is divorced. She has a grown son, Alexander. Yelena is an entrepreneur from Melitopol, where she sells women’s outer clothing in the central city market. She launched this small business 16 years ago. Presently, Yelena has about 35,000 grivnyas worth of clothes in inventory. Her monthly p... More from Yelena'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
- 19 months (Additional Information)
- Repayment Schedule
- Feb 15, 2012
- Mar 12, 2012
- Currency Exchange Loss:
- Feb 15, 2013
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.