Update on RomanRoman is a market trader of spare parts for cars and motorcycles. He used his previous loan to buy a load of spare parts for cars of Russian make.
This time the loan is needed to purchase a batch of bearings and automotive optics (lights, lamps). He runs through these two types of parts the most quickly and requires constant replenishment.
Roman has been trading for more than ten years. He has many regular customers and low prices, which gives him a competitive advantage and business success.
Roman is married and has one son, who is also interested in cars and in his spare time helps his father in the market.
На этот раз кредит понадобился для закупки партии подшипников и автомобильной оптики (фары, лампы). Эти два вида запчастей являются наиболее ходовыми и требуют постоянного пополнения товара.
Роман торгует уже более 10 лет. У него много постоянных покупателей и низкие цены, что дает ему конкурентное преимущество и успех в бизнесе. Роман женат, имеет одного сына, который также увлекается автомобилями и в свободное время помогает отцу на рынке.
Previous Loan DetailsRoman works in the auto market selling auto parts for cars and motorcycles. He has a well-located trading point where there are always passers-by and clients who have a long-running relationship with Roman. As an entrepreneur, Roman is orderly, always punctual and hard-working. He needs this… More from Roman'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
- 14 months (Additional Information)
- Repayment Schedule
- Nov 16, 2012
- Nov 23, 2012
- Currency Exchange Loss:
- Dec 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.