Update on VitaliyVitaliy has already used Kiva loans before. With the help of this financial support, he was able to buy products that were in demand, sell them, and earn money from it. With the profits he made, he purchased a car for his work in delivery service. Now he is much more mobile and is able to move between points of sale, accept orders and deliver them. Vitaliy now needs additional financial help, 21,000 hryvnia will allow him to diversify his range of products, namely, electrical wiring. Vitaliy plans to continue developing and expanding his business.
В этот раз Виталий обратился за дополнительной финансовой помощью в размере 21 000 гривен для того, чтобы разнообразить ассортимент товара, а именно закупить электрический провод. Виталий планирует продолжать расширять и развивать свой бизнес дальше.
Previous Loan DetailsVitaliy is married, has a seven-year-old son and is a small business owner. He deals in various electrical supplies, such as: light bulbs, lamps, cables, sockets, etc. Over the five years since starting his business, he has accumulated a number of constant buyers, including stores which order sup... More from Vitaliy'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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