Update on AlexanderAlexander is an entrepreneur born in Melitopol. He sells children's clothing at a market; this has been his profession for 10 years. Alexander has turned to Kiva for financial assistance, requesting a loan of 20,000 grivens to buy children's spring clothing to sell (namely blouses, suits and jackets). He likes running his own family business and intends on developing it further.
Александр обратился в КИВА за финансовой помощью в размере 20 000 гривен для того, чтобы закупить весеннюю детскую одежду под реализацию, а именно кофточки, костюмчики и курточки. Александру нравится вести свой бизнес, он намерен и дальше развивать его и улучшать бизнес семьи.
Previous Loan DetailsThanks to a previous loan, Alexander has increased his gross revenue and net income. Alexander had some difficulty in winter: because of bad weather, there was a downturn in his business. Alexander successfully overcame this difficulty, and in the spring his business's sales rebounded. Alexan... More from Alexander'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