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Update on Ludmila

Ludmila's current loan will help her to replenish her working capital. She is hoping to use this money to continue expanding her business.

Last year was difficult for Ludmila as there was a decline in sales during winter due to adverse weather, and her business went through hard times. Nevertheless, Ludmila not only stayed afloat but managed to increase her profits, which she used to purchase building materials and improve the property next to her family's home. She plans to use her profits from this loan to carry out home repairs in the near future.
View original language description ↓
Людмила в этот раз взяла кредит с целью пополнить оборотные средства. Она надеется направить кредит на дальнейшее развитие бизнеса. Прошлый год выдался трудным, в зимнее время из-за сложных погодных условий наблюдался спад торговли, вследствие чего бизнес Людмилы тоже переживал непростые времена. Тем не менее Людмила не только смогла удержаться на плаву, но даже смогла получить дополнительную прибыль, на которую она затем приобрела стройматериалы на благоустройство придомовой территории для своей семьи. За счет получения прибыли от вложения заемных средств Людмила планирует сделать ремонт в доме в ближайшем будущем.

Previous Loan Details

Ludmila is from a small town called Veseloe. She is a widow, and has single-handedly raised two sons, Andrei and Pavel. Ludmila has a small shop called Temp, located in the town's central market. She sells car parts and stationary goods, and provides photography and photocopying services. Ludmila... More from Ludmila'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

  • $8,200
    Average annual income
  • 4
    View loans »
    Ukraine Loans Fundraising
  • $6,300,650
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Ludmila to purchase motor oil, pain, auto cosmetics, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 25, 2012
Jun 27, 2012
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for Ludmila. It was first posted on Kiva on Nov, 2011. Learn More