Update on ElenaElena is an experienced entrepreneur in her chosen occupation. For the past 15 years, she has been selling yarn at one of the markets in her home city of Melitopol. She has her own retail location and a group of regular clients who trust her. Elena plans to purchase a good lot of quality yarn worth 10,000 hryvnia she hopes to receive from Kiva, and to continue gradual development of her business.
Елена планирует закупить хорошую партию качественной пряжи на сумму в 10 000 гривен, полученную от КИВА и продолжать последовательно развивать свой бизнес.
Previous Loan DetailsElena is married and has two children. She has her own business. She sells yarn at the city's central market and has her own retail outlet. Elena has 14 years of work experience. She is hardworking and responsible. Elena wants to develop her business in order to improve the family's welfare.… More from Elena'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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