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Olga

Update on Olga

Olga is a 50-year-old entrepreneur who has worked for 14 years selling women's clothing at a market. After years of work in this sector, she was able to buy a market stall, which significantly helps her save money on rent at the moment. Her best selling items are blouses, jackets, and sweaters.

Olga needs an additional 10,000 griven in order to purchase women's fall and winter clothing. She cannot always count on getting a loan from local loan institutions because they are reluctant to give loans to people approaching retirement age. Therefore, a Kiva loan is a real solution for Olga's problem and naturally, a godsend for the development of her business.
View original language description ↓
Ольга – рыночный предприниматель. Она уже около 14 лет работает на базаре, реализуя женскую одежду. За годы работы в этом секторе она смогла выкупить торговое место, что помогает ей существенно экономить на аренде на данном этапе. Самые продаваемые из ее группы это блузы, кофты, свитера.
Ольге необходима дополнительная сумма в размере 10 000 гривен для того, чтобы закупить сезонную женскую одежду на осень-зиму. Ольге – 50 лет. Она не всегда может надеяться на получение кредита в местных кредитных учреждениях, так как там неохотно дают кредиты людям предпенсионного возраста. Поэтому кредиты КИВА стали настоящим решением проблемы для Ольги и однозначно находкой для развития ее бизнеса.

Previous Loan Details

Olga lives in a small town called Veseloe, with her husband and two grown-up daughters. She sells women's clothing at the local central market. Olga has a wide assortment of clothing which she sells at accessible prices. She has worked as a retailer at the market for 13 years. Today, her working ... More from Olga'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

  • $8,000
    Average annual income
  • 3
    View loans »
    Ukraine Loans Fundraising
  • $6,183,700
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Olga to purchase seasonal women's clothing for fall and winter.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013