Update on VictorViktor has his own business. He sells souvenir, newspapers, magazines and office supplies. Recently he was faced with financial difficulties when he had to file paperwork for his market stall. Viktor had to take money out of his business to pay filing fees for the documents. Now that this is behind him, the market stall officially belongs to Viktor and no one will be able to take it away from him. Viktor is requesting a loan of 21,000 griven to purchase a big batch of souvenirs. By buying in bulk he will receive a discount which will help him increase his profits.
Previous Loan DetailsVictor is asking for loan to purchase newspapers, magazines, office supplies and souvenirs. His past loan also went for the same purpose which has resulted in improved profits for Victor. Victor is optimistic and goal-oriented. He wants to further improve his business so that he can support his f... More from Victor'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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