Update on IrinaIrina paid off her last loan very well by selling sheets and blankets. She made a good profit as merchandise like this was in high demand during such a cold winter. Thanks to the money she earned, she is able to educate her son who studies in an external degree program at one of the colleges. Likewise, the family was able to buy new kitchen furniture.
This time, Irina has applied for a loan as she wants to prepare her kiosk for Spring. She will reequip her kiosk and buy the raw materials for weaving artificial flowers and wreaths for the Easter holidays. Irina herself will do the weaving, and her son is also ready to help her with the business. They are planning to return to their earlier merchandise and to resume selling sheets towards Summer.
Ирина обратилась за кредитом в этот раз, так как хочет подготовить свою торговую точку к весне: она переоборудует ее и закупить сырье для плетения искусственных цветов и веночков к Пасхальным праздникам. Ирина будет плести изделия сама, сын тоже готов помогать ей в бизнесе. К лету они снова планируют вернуться к прежней группе товаров и возобновить торговлю постельным бельем.
Previous Loan DetailsIrina is from Pavlograd. She is involved in sales at her town's central market and sells bedding and bed covers. This business allows Irina to support her family, help her children and gradually develop the business further. Irina plans to invest the 10,000 hryvnia loan into a purchase of bedd... More from Irina'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 24, 2012
- Apr 1, 2012
- Currency Exchange Loss:
- Feb 15, 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.