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Andrey

Update on Andrey

Andrey is a vendor selling automotive spare parts for Russian-made cars, such as VAZ, Moskvitch and Volga at the automotive market. He is trustworthy, polite, responsible and hard-working. He regularly makes trips to buy merchandise for his stock. He has already taken out several loans, which allows him to maintain his business at a good level. This time he needs a loan in order to buy spare parts for VAZ cars: wires, spark plugs, lights, mats, fresheners, grills, etc.
View original language description ↓
Андрей торгует на авторынке, продает автозапчасти к российским автомобилям ВАЗ, Москвич и Волга.
Андрей порядочный, вежливый, ответственный и трудолюбивый. Он регулярно осуществляет поездки за товаром для пополнения ассортимента. Андрей уже не раз пользовался бизнес кредитами, которые помогают ему поддерживать бизнес на хорошем уровне. В этот раз кредит понадобился для закупки автозапчастей для автомобилей ВАЗ: проводва, свечи, оптика, коврики, освежители, радиаторы, и др.

Previous Loan Details

Andrey sells automotive spare parts, such as lights, brake discs and pads and other. Thanks to his last loan, he increased his working capital and, therefore, was able to use the freed-up funds from sales for continued expansion of his business. Andrey's competitive advantage is the fact that h... More from Andrey's previous loan »

Additional Information

About HOPE Ukraine

HOPE 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.

About Ukraine

  • $8,000
    Average annual income
  • 1
    View loans »
    Ukraine Loans Fundraising
  • $6,186,625
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Andrey to buy spare parts for Russian-made VAZ cars,.
100% repaid
Repayment Term
3 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 27, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Andrey. It was first posted on Kiva on Feb, 2012. Learn More