Update on SilviyaThanks to her previous Kiva loan, Silviya was able to gradually increase her income from sales due to the expansion of the assortment of goods she sells, which has allowed her to gain more regular clients. This time, she has approached Kiva for a loan of 5,000 Ukrainian Hryvnya to purchase seasonal clothing such as women's spring blouses, dresses, and skirts. Towards summer, there is a drop-off in retail sales, and it becomes necessary to invest more in order to make the same income as before. Silviya hopes to use the profit generated by this loan to continue the home renovation that she has already started, and that she has long wanted to complete.
За счет предыдущих кредитом от КИВА Сильвия смогла постепенно увеличить свой доход от продаж благодаря увеличению предложенного выбора товара, прибавилось и постоянных клиентов.
В этот раз Сильвия обратилась к КИВА за кредитом в размере 5 000 гривен для того, чтобы закупить сезонный товар: женские весенние блузки, платья и юбки. К лету темпы торговли слабеют и приходиться вкладывать больше средств, чтобы заработать как раньше. За счет полученной прибыли Сильвия надеется продолжить начатый ремонт дома, который так давно хочет закончить.
Previous Loan DetailsThanks to her preceding loan, Silviya expanded her assortment of summer clothing. With the profits realized, she began to make repairs on her home. This time, Silviya is asking for a loan to purchase winter goods: women's sweaters and jackets. Silviya recently left for two weeks out of… More from Silviya'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