Update on YuriyYuriy earns a living by growing vegetables in greenhouses. He used his previous Kiva loan to purchase plastic covering and seeds. As a result of his successful season, he was able to improve his living conditions by renovating his bathroom and installing a toilet in his house (prior to that, the toilet was outside.) He also bought a boiler to heat the greenhouses. This time, Yuriy needs supplementary financial resources to build one more greenhouse for seedlings and to connect the heating system. This will allow him to plant seeds and harvest the produce earlier, which will enable him to sell the vegetables at a more profitable price.
В этот раз Юрию нужны дополнительные средства, чтобы построить еще одну теплицу для рассады и подключить систему отопления. Благодаря этому Юрий сможет раньше посадить семена и раньше собрать урожай, который можно продать по более высокой цене.
Previous Loan DetailsYuriy is married and has two children. Yuriy grew up in the village and knows what a farm is since his childhood. He has been in the farming business for ten years now – he grows vegetables in the greenhouses. At this time he has four greenhouses for vegetables and two for seedlings. This busines... More from Yuriy'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