Update on VictoriaVictoria has used Kiva services several times already. Thanks to the timely obtained financial help, her business not only stayed afloat, but gradually developed and grew. She moved to a new retail location at the same market, where she previously worked. Now, her sales have increased more. This time, Victoria requested a loan in the amount of 10,000 hryvnia to purchase puffer jackets for sale during the cold autumn-winter period. Thanks to the fact that she will increase her goods turnover, she would have to travel less for wholesale merchandise purchases, which would also decrease her expenses and wasted time. Victoria is thinking about developing a website and starting to sell her merchandise also through the Internet, which today is becoming more popular in Ukraine.
В этот раз Виктория обратилась за кредитом в размере 10 000 гривен для того, чтобы закупить пуховики для продажи в холодный осенне-зимний период. Благодаря тому, что она увеличит товарооборот, ей придется меньше ездить в поездки за оптовыми закупками товара, что сократит ее расходы и трату времени. Виктория подумывает о том, чтобы разработать свой сайт и начать торговать своим товаром также и через интернет, что сегодня становится все более популярным и в Украине.
Previous Loan DetailsVictoria is married and has one daughter. She has been involved in her own business for 14 years and sells women's clothing at one of the markets of the town of Zaporozhye. Victoria has a good retail location. She offers quality merchandise at affordable prices, which attracts new customers and… More from Victoria'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