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Eduard

Update on Eduard

Thanks to the previous loan, Eduard purchased tools, such as clamps and saws, which helped him a lot in fulfilling his orders. Eduard is requesting this loan to buy metal in order to complete one large order. After completing this order and making a profit, he will be able to move his leased place of business to another, better one. Then, he would be able to hire another employee and complete even more orders.
View original language description ↓
Благодаря предыдущему кредиту Эдуард приобрел инструмент - тиски, пилы - что очень помогло ему в выполнении заказов. Эдуард просит предоставить ему кредит для закупки металлоконструкций для выполнения одного крупного заказа. После выполнения заказа и получения прибыли Эдуард сможет поменять арендуемое место бизнеса на другое, более хорошее. Тогда он сможет взять еще одного работника и выполнять еще больше заказов.

Previous Loan Details

Eduard is married. His wife's name is Edita. They have two small sons. Their family is very positive and their relationship is based on love and respect. Eduard has own business. He manufactures forged products for eight years now. Eduard was able to find a good commercial and industrial plac... More from Eduard'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
  • 4
    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 $2,500 helped Eduard to complete a large order.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 15, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Eduard. It was first posted on Kiva on Jul, 2011. Learn More