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Update on Viktor

Viktor needs additional money to cover greenhouses, buy coal and fertilizers. Unfortunately, due to inflation and increase in prices, he does not have enough of his own means (earned during the previous season) and has to invest more and more into his business every year. Last year, Viktor obtained a loan for tall tomato plant seeds because they are very expensive. That investment completely justified itself. Previously, Viktor earned 50 thousand hryvnia per season, and last year, thanks to the loan, his income was 78 thousand hryvnia. Viktor also made minor repairs at home. He covered his front entrance with glass and installed good, plastic windows.
View original language description ↓
Виктору нужны дополнительные средства, чтобы накрыть теплицы, купить уголь, удобрения. К сожалению из-за инфляции и повышения цен своих средств (полученных с предыдущего сезона) не хватает и каждый год в бизнес нужно вкладывать все больше.

В прошлом году Виктор брал кредит на семена высокорослых помидор, так как они очень дорогие. Это полностью оправдало себя. Ранее Виктор получал 50 тыс грн за сезон, а в прошлом году благодаря кредиту его доход составил 78 тыс грн.

Виктор сделал небольшой ремонт в доме, застеклил крыльцо, поставил хорошие пластиковые окна.

Previous Loan Details

Viktor is married, with a son and a daughter. He is a farmer in the town of Vodyanoye, in a predominantly agricultural region of Ukraine. There are very few employment options there, which is why many people in town are struggling to survive. Viktor was one of them, but he managed to launch a sma... More from Viktor'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

  • $8,200
    Average annual income
  • 7
    View loans »
    Ukraine Loans Fundraising
  • $6,400,750
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Viktor to buy plastic, coal for heating, and fertilizers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Feb 14, 2012
Mar 12, 2012
Currency Exchange Loss:
Aug 8, 2012
This photo was used before for a previous loan for Viktor. It was first posted on Kiva on Dec, 2010. Learn More