Update on VladimirVladimir successfully invested the previous loan from Kiva in his farming business. He purchased quality seeds and fertilizers, built a new greenhouse for growing tomatoes, and further a greenhouse for seedlings for this time, and due to this he was able to increase his income.
This time Vladimir needs an additional sum in the amount of 10,000 hryvnia in order to purchase seeds, plastic film and fertilizers for the new season. The winter and spring is hard with money, and in order to buy quality seeds he needs to take a loan. In addition, Vladimir plans to cover new greenhouses for seedlings and bring in soil and peat.
В этот раз Владимиру понадобилась дополнительная сумма в размере 10 000 гривен для того, чтобы закупить семена, пленку и удобрения для нового сезона. Зимой и весной тяжело с деньгами и для того, чтобы купить качественные семена приходится брать кредит. Более того Владимир планирует накрыть новую теплицу для рассады и завезти туда грунт и торф.
Previous Loan DetailsVladimir needs extra funding to buy a film for his greenhouse for the new season, and also to purchase seeds and fertilizer. Last year he already received a loan to purchase some film and fertilizer. Thanks to that loan he was able to generate good extra income. In the past year, Vladimir has… More from Vladimir'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