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Update on Elena

Elena invested her previous loan from Kiva in developing her business and, with her additional profits, bought a car for both work and family needs.

Elena would like to invest 21,000 hryven in increasing her assortment of denim clothing in order to attract customers of various age groups. With the money she saves from her business, she hopes in time to open an additional sales outlet at the same bazaar, but for children's goods and, in doing so, to capture a new segment of the market.
View original language description ↓
Елена целенаправленно вложила предыдущий кредит КИВА в развитие своего дела, получив дополнительную прибыль и приобретя автомобиль для работы и личных нужд семьи.
Елена хотела бы вложить 21 000 гривен в увеличение ассортимента джинсовой одежды для привлечения разных возрастных категорий покупательниц. Со временем надеется за счет скопленных от работы бизнеса средств открыть новую точку с детскими товарами на том же рынке, охватив тем самым еще и этот покупательский сектор.
Пометка: история на русском языке

Previous Loan Details

Elena is not married, but has two daughters whom she loves very much. Elena has her own business. Elena sells women's denim clothing: skirts, pants, shorts, jackets and other items. She enjoys her work because she loves what she does. Her vendor location is in a very good spot near the market... More from Elena'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
  • 1
    View loans »
    Ukraine Loans Fundraising
  • $6,399,475
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Elena to buy an assortment of denim clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 8, 2012
Jul 2, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Elena. It was first posted on Kiva on Jul, 2011. Learn More