Update on YelenaYelena cultivates vegetables in greenhouses. Thanks to her previous loan, she was able to build two additional greenhouses. Unfortunately, the seeds that were supposed to be planted in these greenhouses did not germinate well and the greenhouses were not used until the next year.
With the money that Yelena made from the summer harvest in her main greenhouses, Elena bought an additional plot of land, on which she is planning to build three more greenhouses. To do so, she needs a loan of 20,000 hryvnia. Yelena is very active and enterprising, and she always strives to go beyond what she has already achieved in order to constantly expand her business.
Previous Loan DetailsYelena is married with an 8-year-old son, Igor. She is a farmer from Kamenka which is a predominantly rural agricultural region of Ukraine. Yelena owns two big arch greenhouses where she grows early spring vegetables like tomatoes and radishes, for further wholesale and retail sale. Yelena is rel... More from Yelena'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