Update on LinaLina is an entrepreneur in Belaya Tserkov. She sells children's and teenage shoes at a large area market. She has two sales locations. Lina has been in this business for 17 years. In addition, Lina raises her daughter alone and pays for her education at a good college in Kiev.
Lina needs additional financial resources of 15,000 hryvnia in order to purchase an additional lot for sale. Thanks to successfully selling the additional lot Lina hopes to have stable profits and to grow her business, providing for her family.
Лине потребовались дополнительные финансовые средства в размере 15 000 гривен для того, чтобы приобрести дополнительную партию товара для реализации. За счет удачной реализации очередной партии товара Лина надеется иметь стабильный доход и развивать далее свой бизнес, обеспечивая свою семью.
Previous Loan DetailsLina is married with two small children. She sells women's shoes and boots at the central market in Belaya Tserkov. Her monthly profit is about 5,000 Grivnas. Lina started this business two years ago. She was very brave to start it during the crisis times. Her hard work and persistence enabled... More from Lina'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