Update on GennadyiGennadyi has received several Kiva loans in the past. He was very impressed with the effectiveness of these loans, and therefore decided to ask Kiva lenders for help once again. Gennadyi used his previous Kiva loans to purchase additional bicycle parts and accessories, thanks to which the number of his customers grew. By combining his new profits with previous savings, Gennadyi was able to purchase a Lanos automobile.
Presently, Gennadyi needs a loan of 20 000 hryvnia in order to further expand his assortment of bicycle parts and household goods. This year, two of his sons will begin their post-secondary education. It will be difficult to pay for their studies at the same time, and so Gennadyi needs money now more than ever.
Gennadyi is a very hard-working person. He is ready to work overtime in order to provide for his family and children.
В этот раз Геннадию необходим кредит в размере 20 000 гривен для того, чтобы пополнить количество товара (велотовары, хозтовары), расширив его ассортимент. В этому году у Геннадия два сына поступают учиться в ВУЗ, трудно будет учить сразу двоих, деньги нужны сейчас как никогда. Геннадий – трудяга. Он готов работать сверхурочно, лишь бы обеспечить свою семью и детей всем необходимым.
Previous Loan DetailsGennadyi is married and has two teenage sons. He lives in the town of Kamenka, where he makes living selling souvenirs, various small products for the home, office supplies, plastic bags and other retail items. Gennadyi has been in this business for 10 years and currently has an inventory worth 7... More from Gennadyi'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.
5View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- May 23, 2012
- Jun 24, 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.