Update on NicoletteNicolette invested her previous loan into a purchase of a sound-laser equipment for cosmetic procedures for facial skin. She also moved from one beauty salon to another, located in the city center, due to which her clientele changed and grew. Nicolette wants to invest the Kiva loan into a purchase of the latest body, hair and skin cosmetic treatments to resell at her salon while providing various types of cosmetic service. She bought quality creams, masks, scrubs, and toners so that her clients did not have to search for suitable cosmetics somewhere abroad and could buy necessary products in one place.
Николет хочет вложить кредит КИВА в приобретение новейших косметических средств по уходу за телом, волосами и кожей для последующей реализации их у себя в салоне во время предоставления разного рода косметических услуг. Она закупила качественные кремы, маски, скрабы, тонизирующие средства, чтобы ее клиенткам не нужно было искать подходящую косметику где-то за рубежом, а можно было приобрести необходимые продукты на месте.
Previous Loan DetailsNicolette is a single entrepreneur from Beregovo. Nicolette is an experienced beauty therapist. She owns a beauty salon and offers different face packs and body care service packages. She started her own venture 3 years ago. Nicolette has a loyal clientele who trust her advice and visit her salon... More from Nicolette'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
- 20 months (Additional Information)
- Repayment Schedule
- Feb 28, 2012
- Mar 16, 2012
- Currency Exchange Loss:
- Aug 17, 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.