Update on YelenaYelena sells children's clothing and shoes. She has worked as a trader in the bazaar for 14 years and she has her own trading stall. Yelena plans to use her Kiva loan of 10,000 hryvnas to buy goods for the spring season on a wholesale basis, especially dresses, sweaters and light walking shoes.
Елена планирует использовать полученные от КИВА средства суммой в 10 000 гривен для того, чтобы закупить товар к весеннему сезону под реализацию, а именно платья, кофты и легкую удобную обувь.
Previous Loan DetailsYelena is from Melitopol. She has been trading children's clothing and shoes at one of the city's markets for a period of 14 years already. The retail space she has is her own. The best selling items are dresses, sweaters, blouses and shoes. Elena plans to invest the loan received from Kiva, i... More from Yelena'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