Update on OlgaOlga has used Kiva's loan services several times. Thanks to the previous loan Olga was able to buy used arches for the greenhouse and complete the building of two large greenhouses as well as significantly increase revenue from the garden and buy a tractor for cultivation of land. Moreover the family could afford to buy an inexpensive vehicle of local make.
This time Olga needs a loan in the amount of 20,000 hryvnia to install heating in the greenhouse: to buy a boiler for 10,000 hryvnia and hoses for installation costing 10,000 hryvnia. This will give her the opportunity to sell early vegetables at a higher price. At this time one of the major current issues for Olga is the long distance from the road and the market which makes it difficult to export products. Sometimes she has to ask some of the neighbors to transport the produce. Over time Olga hopes to purchase a vehicle for business to solve this urgent problem.
В этот раз Ольге необходима сумма в размере 20 000 гривен для того, чтобы установить отопление в теплицы: купить котел на 10 000 гривен и шланги для его установки – 10 000 гривен. Это даст возможность торговать более ранними овощами по более высокой цене. На данный момент один из основных насущных вопросов для Ольги – это удалённость от трассы и рынка, что усложняет процесс вывоза продукции. Иногда Ольге приходится договариваться с кем-то из соседей, чтобы вывезти товар. Со временем Ольга надеется приобрести транспортное средство для бизнеса и тем решить этот наболевший вопрос.
Previous Loan DetailsOlga is a farmer with many years of experience. Together with her husband, she started to grow vegetables 20 years ago. At first, they planted tomatoes, radishes and other vegetables in the open ground. Then, they started to cover the ground with plastic by building small greenhouses. Due to ... More from Olga'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
- 11 months (Additional Information)
- Repayment Schedule
- Nov 7, 2012
- Nov 28, 2012
- Currency Exchange Loss:
- Sep 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.