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Yuryi

Update on Yuryi

Yuryi 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.
View original language description ↓
Юрий выращивает ранние овощи в теплицах. В прошлый раз он использовал КИВА кредит для установки отопления в теплицах. В результате получил хороший доход и смог купить автомобиль, на котором он теперь может вывозить свою продукнию на оптовый рынок для продажи по более выгодным ценам.

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 Details

Yuryi 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 receiv... More from Yuryi'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

  • $8,200
    Average annual income
  • 4
    View loans »
    Ukraine Loans Fundraising
  • $6,300,650
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Yuryi to purchase seeds and fertilizers.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 14, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013