Update on ElenaElena is a businesswoman from Melitopol, Ukraine. She sells men's clothing at a local market. She has her own kiosk. Elena is hardworking and responsible. She is constantly trying to expand her business, gradually improving the well-being of her family. Elena needs 15,000 hryvnia to buy an assortment of seasonal men's clothing.
Елене необходима сумма в 15 000 гривен для того, чтобы закупить сезонную мужскую одежду в ассортименте.
Previous Loan DetailsElena is married with one child. She sells men's clothing at one of the open markets in Melitopol, Ukraine. Elena has been in this business for 10 years. She was motivated to open a second location due to her growing experience and the constant demand for the goods she sells. The new location… More from Elena'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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