Update on SergeiSergei is already retired. He previously worked as a miner. Sergei is involved in growing berries and vegetables in a garden in the summer. A portion of the grown produce goes for sale, and the rest is consumed and canned for the winter. Thanks to the previous loan, Sergei purchased a motoblock to treat his land. This time, Sergei is requesting a loan in the amount of 5000 hryvnia to purchase a lawnmower and a washing machine for his summer house. Sergei planted a garden and hopes that it will bring him a profit for a couple of years.
Благодаря предыдущему кредиту Сергей приобрел мотоблок, чтобы обрабатывать свою землю. В этот раз Сергей проосит предоставить кредит в размере 5000 гривен на покупку газонокосилки и стиральной машины для летнего домика. Сергей посадил сад и надеется, что через пару лет сад будет давать ему прибыль.
Previous Loan DetailsSergei is married and has two adult children. He used to work as a miner and is now retired. Currently, Sergei helps his wife with the business and works in the garden. He likes to work with the land very much. Sergei plans to get involved in farming on a large scale. From one perspective,… More from Sergei'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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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 29, 2013
- Jun 19, 2013
- Currency Exchange Loss:
- Nov 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.