Update on ViktorViktor develops his business in two directions - farming (growing tomatoes in greenhouses) and animal husbandry. His farm is large and has a lot of funds invested in it. This year, Viktor needs to buy grain for the livestock and also needs plastic for greenhouses. He obtained his previous loan to buy feed for livestock. He made a good profit, was able to buy a car that he dreamt of for a long time. Recently, Viktor's youngest son returned from the army and now works with him and helps him on the farm. This year, Viktor is expanding his animal husbandry business. He wants to build another barn for 50 pigs. All together, he is able to keep up to 500 pigs.
Прошлый кредит Виктор брал на закупку кормов для животных. Получил хорошую прибыль, смог купить автомобиль, о котором давно мечтал. Недавно пришел из армии младший сын Виктора, сейчас работает вместе с ним, помогает на ферме.
В этом году Виктор расширяет животноводство. Он хочет построить еще одни сарай на 50 свиней. Всего он может держать до 500 свиней.
Previous Loan DetailsVictor is married and has three adult children. He was born in Kamenka. For a while he used to work in the North, from where he returned 14 years ago. Now Victor raises farm animals and sells meat and also grows vegetables. This is the most profitable business in Kamenka. Victor especially likes… More from Viktor'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
- Feb 17, 2012
- Mar 13, 2012
- Currency Exchange Loss:
- Aug 17, 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.