Update on OksanaOksana works in retail selling women's clothing. In spring, she also sells artificial flowers and wreaths. Her previous Kiva loan was used for flowers. There have not been any huge changes since then, but thanks to that loan, she was able to buy a new shipment of clothing and to help her daughter, who is a student. Oksana says that last year was a difficult one in retail because the purchasing power of the local citizens was lower than it had been, and as a result, her income decreased. However, she is not discouraged, and has hope for the future. Oksana is seeking a loan of 21,000 Ukrainian Hryvnya to buy artificial flowers and wreaths. She plans to make a good profit from them and to buy clothing for the summer season.
По словам Оксаны, прошлый год в плане торговли был трудным. Покупательская способность населения снизилась, соответственно уменьшилась прибыль. Но Оксана не унывает и надеется на лучшее.
Оксана просит предоставить ей кредит в сумме 21,000 гривен на закупку искусственных цветов и венков. Она планирует получить хорошую прибыль и закупить одежду к летнему сезону.
Previous Loan DetailsFor Oksana January and February is usually the worst months in terms of profits. This winter was especially bad in sales because of the freezing temperatures. This is why Oksana is asking to give her a loan to buy artificial flowers. She will use them to make wreaths and baskets of flowers for… More from Oksana'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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