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Update on Victor

Viktor 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.
View original language description ↓
Виктор имеет свой бизнес. Он продает сувениры, печатную продукции, а также канцтовары. Недавно у Виктора возникли финансовые сложности в связи с необходимостью оформить документы на свой киоск на рынке. Виктору пришлось вынять деньги из оборота и заплатить за оформление документов. Теперь, когда все позади, киоск официально принадлежит Виктору и его уже никто не сможет отобрать. Виктор просит предоставить ему кредит в размере 21,000 гривен на закупку большой партии сувениров. Закупая оптом Виктор получает скидки, что увеличивает его прибыль.

Previous Loan Details

Victor 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 »

Additional Information

About HOPE Ukraine

HOPE 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.


About Ukraine

  • $8,200
    Average annual income
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,342,325
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Victor to cheaply purchase souvenirs in bulk.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 24, 2013
May 27, 2013
Currency Exchange Loss:
Dec 17, 2014