Update on PavelPavel has used loans from Kiva several times, all the while investing in development of his greenhouse business. Last year, Pavel's father-in-law was seriously ill. The family spent a lot of money on treatment, but nothing worked and his father-in-law died. Because their money was not enough for the seeds and film for last season, Pavel took another loan from Kiva. With the money invested in his business, he was able to get free and have a good profit.
This time Pavel needs a sum of 20,000 hrivna to buy seeds and film to organize the next greenhouse season. After the death of his father-in-law, his mother-in-law gave Pavel his land with greenhouses. As a result, he decided to expand his farm and with time to put up an extra greenhouse.
В этот раз Павлу необходима сумма в размере 20 000 гривен для того, чтобы закупить семена и пленку для организации следующего тепличного сезона. После смерти тестя теща отдала Павлу свой участок земли с теплицами, в результате чего он решил расширить свое хозяйство и со временем поставить дополнительные теплицы.
Previous Loan DetailsPavel is married and has two sons and a daughter. His family of five lives in Vodyanoye. Pavel owns a greenhouse where he grows tomatoes, radishes, parsley, etc. He’s had it for 10 years. Pavel wants to remodel his greenhouse for the upcoming farming season. He has about 30,000 Grivnyas invested… More from Pavel'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