Update on VitalyiThis is not the first time Vitalyi is turning to Kiva for financial help. Last time, thanks to investing his Kiva loan into purchasing popular merchandise, he was able to increase his profits and improve his family's financial situation. Just recently, Vitalyi became a father of twin daughters - now their family's expenses have grown two-fold.
Vitalyi hopes to invest the sum of 10,000 hryvnia into a purchase of an additional shipment of perfumes and cosmetics in advance of the Christmas and New Year's holidays, when gift packs are in demand and always sell quickly.
Виталий надеется вложить сумму в 10 000 гривен в приобретение дополнительной партии парфюмерной продукции в преддверии Новогодних и Рождественских праздников, когда хорошим спросом пользуется подарочная продукция и всегда быстро расходится.
Previous Loan DetailsVitalyi has been successful in investing his two previous Kiva loans into expansion of his business. He was very happy with the timely acquisition of these funds, which he put to good use. With his loans, Vitalyi was able to increase his profits by 1000 hryvnia. He also began repairs and… More from Vitalyi'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