Update on LarisaLarisa sells women's clothing at a market. Thanks to the previous loan, she purchased sweaters, pants, blouses and earned an additional profit from sales. This time, Larisa is requesting a loan to purchase spring merchandise - light blouses and shirts. Larisa is optimistically awaiting spring and an increase in turnover because people update their wardrobe and buy spring goods. Larisa has many loyal customers, who buy goods from her, and she provides them with good merchandise and good discounts.
Previous Loan DetailsLarisa is married and has two daughters. She has her own business selling women's clothing at the market of her hometown. Larisa has 17 years of experience in this field. Larisa is responsible and hard-working. She wants to develop her business in order to increase her income. Larisa is askin... More from Larisa'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