Update on ValentinaValentina is from Novaya Kahovka. She rents out a plot of land from the administration of large local market for her small shop which she was able to buy out. Valentina sells women's knitted clothing. She has been in this business for seventeen years.
Valentina is in the anticipation of the summer season and plans to fulfill the variety of the summer women's clothing such as knitted sweaters, skirts and suits. She has come to Kiva for a loan in the amount of 11,000 hryvnia. Valentina plans to continue do business in the future, to expand her regular client base by selling goods that are in demand.
Валентина в преддверии летнего сезона планирует пополнить ассортимент летней женской одежды, а именно приобрести трикотажные кофты, юбки, костюмы. Для этого она обратилась к КИВА за суммой 11 000 гривен. Валентина планирует и в будущем заниматься бизнесом, расширяя базу своих постоянных клиентов за счет торговли ходовым товаром.
Previous Loan DetailsValentina works in the clothing trade, selling knitted clothing in one of the local markets of Novaya Kahovka. She has her own boutique kiosk and leases land from the market administration -- this is always an additional cost of business. Valentina has been working in this area for 17 years. ... More from Valentina'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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