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Vitaliy

Update on Vitaliy

Thanks to the money from his previous loan, Vitaliy was able to make car repairs. Being in the transportation business, Vitaliy knows that the car's condition is of the greatest importance. Vitaliy also decided to try trade. He began using his vehicle to buy vegetables in bulk and sell them at retail. Vitaliy's wife helps him with the retail sales. Summer time is a high season for vegetable sales. Vitaliy is applying for a loan of 24,000 UAH to increase the assortment of fruits and vegetables they have to sell. There was a big event in Vitaliy's family -- his daughter got married! He is happy for the daughter, and now he looks forward to grandchildren.

Previous Loan Details

Vitaliy is a taxi driver. He drives his own car and transports passengers around the city and around Ukraine. The client is hardworking and entrepreneurial. He has already used business loans and always paid them back on time. This time he needs a loan to make car repairs - it is necessary to… More from Vitaliy'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.

Tags

About Ukraine

  • $8,000
    Average annual income
  • 0
    View loans »
    Ukraine Loans Fundraising
  • $6,139,100
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD
Expired
A loan of $2,950 helped Vitaliy to increase the assortment of fruits and vegetables he has to sell.
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 10, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 9, 2013
This photo was used before for a previous loan for Vitaliy. It was first posted on Kiva on Nov, 2012. Learn More