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Update on Erika

Erika is seeking a new loan in the amount of 10,000 Ukrainian Hryvnia in order to change and diversify her inventory for the autumn-winter season, specifically by buying women's sweaters, blouses and skirts. Erika hopes that the Kiva loan will allow her to increase her gross revenue and her profit.
View original language description ↓
В этот раз Эрике понадобилась сумма в размере 10 000 гривен для того, чтобы сменить и разнообразить товар под осенне-зимний сезон, а именно купить женские свитера, блузки и юбки.
Эрика надеется за счет полученных от КИВА средств увеличить свою валовую выручку и доход.

Previous Loan Details

Erika is a single young woman. She has her own business of selling clothing and shoes at her small store. Erika has been involved in this business for eight years. Her business is characterized by stability and profitability. Erika likes to sell clothing, and she intends to develop her busine... More from Erika'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
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,342,325
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Erika to buy women's sweaters, blouses, and skirts.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 11, 2012
Oct 10, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Erika. It was first posted on Kiva on Jan, 2012. Learn More