Update on YuryiYuryi cultivates early vegetables in greenhouses. He used his last Kiva loan to install a greenhouse heating system. As a result, he earned a good profit and could afford to buy a vehicle, which he now uses to transport his produce to a bulk market, where he sells it at a better price.
Recently, Yuryi's grandmother, who lived with his family, passed away. A lot of money was spent on the funeral, and it was necessary to take some money out of the business.
This time, Yuryi is asking for a loan to buy seeds and fertilizers. Everything else (greenhouses, heating and irrigation systems) are ready for the new growing season.
Недавно умерла бабушка Юрия, которая жила вместе с его семьей; много денег ушло на похороны, при этом часть денег пришлось взять с бизнеса. В этот раз Юрий просит предоставить ему кредит для закупки семян и удобрений. Все остальное (теприцы, отопление, полив) уже готовы к новому сезону.
Previous Loan DetailsYuryi grows early vegetables in greenhouses. This time, he needs additional funds to install heating in greenhouses, which would allow him to gather the harvest earlier and sell it at a more profitable price. Yuryi used his previous loan to buy various consumable materials. He spent the received… More from Yuryi'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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