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Olga

Update on Olga

Olga's last loan from Kiva helped her earn additional income which she used to buy children's goods for her 2-year-old granddaughter. She, like every grandmother, loves to spoil her granddaughter.

Olga needs this loan to buy products for the spring season. She plans to buy women’s shirts, jackets, and indoor footwear, as well as towels and gift selections for future sales at the market.
View original language description ↓
Предыдущий кредит от КИВА помог Ольге получить дополнительную прибыль, которую она смогла использовать для приобретения детских товаров для 2-х годовалой внучки, которую она, как и каждая бабушка, так любить баловать.
Ольге понадобился следующий кредит для закупки товара к весеннему сезону. Она планирует закупить женские блузы, кофты, комнатную обувь, а также полотенца и подарочные наборы для последующей реализации на рынке.

Previous Loan Details

Olga lives in a small town called Veseloe, with her husband and two grown-up daughters. She sells women's clothing at the local central market. Olga has a wide assortment of clothing which she sells at accessible prices. She has worked as a retailer at the market for 13 years. Today, her working ... More from Olga'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
  • 2
    View loans »
    Ukraine Loans Fundraising
  • $6,185,300
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Olga buy women's shirts, jackets, and indoor footwear, as well as towels and gift selections for future sales at the market.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2012
This photo was used before for a previous loan for Olga. It was first posted on Kiva on Nov, 2011. Learn More