Update on OlegOleg sells bicycles and spare parts at the market "1000 Trifles". He also sells wheelbarrows, sleds, shovels and other items. This time, Oleg needs a loan to stock up on spare parts for bicycles: spokes, tires, wheel hubs, saddles etc.
Oleg is responsible and disciplined, and pays back his loans on time. His retail spot is located advantageously. He has a number of established, tested, and reliable suppliers, and stocks quality merchandise, which serves well to attract regular customers.
Олег имеет постоянных провереннных надежных поставщиков, привозит качественный товар, что служит хорошей возможностью иметь постоянных покупателей.
Previous Loan DetailsOleg sells bicycles and spare parts for them. He needs a loan for the purchase of a batch of spare parts for bicycles: Chains, spokes as well as wheels and tires. Oleg is a decent and hardworking man, he is never late on payments and he always pays his loan back on time. More from Oleg'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