Update on VasiliyVasiliy is a farmer. He raises vegetables in greenhouses. Vasiliy invested his previous KIVA loan into purchases of film, seeds and fertilizers for his greenhouses. Due to this investment, he had an early harvest and was able to sell his vegetables at good prices. This time Vasiliy is getting ready for the coming Spring season. Vasiliy is applying for a loan of 15,000 UAH. He needs to fix his greenhouses, which were damaged by strong winds, by welding metal arches and replacing film. Vasiliy also needs to purchase fertilizer and wood for heating.
Previous Loan DetailsVasiliy is married and has two children. He is involved in farming and grows early vegetables in greenhouses. He owns his land and is very experienced (he has been working in this field for more than 18 years), which makes him very successful at his business. He knows what cultures and crop va... More from Vasiliy'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