Update on GranushGranush invested all of her loan money to purchase seeds for sowing, coal for heating, and fertilizers. Her business is going well and she had a rich harvest. It enabled her to gain a good profit, and she decided to use it to expand her business.
Granush purchased a large land plot and built three large greenhouses. Now she needs to build a small greenhouse for her seedlings so she can grow more tomatoes. Also, strong winds tore down the film on some greenhouses that needs to be fixed. Granush is asking for a loan to help her cope with the business challenges mentioned above.
Previous Loan DetailsGranush is married, and she and her husband have three children. She is involved in growing early vegetables (tomatoes and radishes) in greenhouses. Her farm is large, but in good order. Granush has eight large, built greenhouses. She plants 12 thousand tall and short tomato plants. Her land... More from Granush'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