Update on OksanaOksana constantly develops her business. Over the last eight years, she purchased a kiosk to own; thus, getting rid of the necessity to pay lease for it. This time, Oksana wants to use the Kiva loan in the amount of 9,000 hryvnia to expand her selection of candy, cookies and chocolate, and to increase her income as a result. Having a higher income would allow Oksana to improve her living conditions and improve her way of life.
В этот раз Оксана хочет использовать кредит от КИВА в размере 9 000 гривен для того, чтобы расширить ассортимент конфет, печенья, шоколада, а с его увеличением увеличить и свой доход. Имея более высокий доход, Оксана сможет лучше обустроить свое жилье и улучшить свой образ жизни
Previous Loan DetailsOksana is married. She has one daughter, Darina. Oksana is a market trader from Belaya Tserkov. She sells sweets and pastries at the local central market. She always has a huge range of sweets, cookies, and chocolates, and everything is always fresh. This shop is located in a busy place. Oksana… More from Oksana'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
- 12 months (Additional Information)
- Repayment Schedule
- Jun 13, 2012
- Jul 10, 2012
- Currency Exchange Loss:
- May 17, 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.