Update on SergeiSergei grows vegetables in greenhouses. Thanks to a previous loan he installed a heating system and had a good harvest of early cucumbers and tomatoes. However, because of low prices Sergei didn't receive the income he expected. Sergei is now planting seeds for a second harvest. He is asking for a 10,000 hryvnia loan to buy seeds, fertilizer, and wood for heating. Thanks to the second planting he can harvest and sell vegetables until Christmas and thus earn additional income. Beside growing vegetables, Sergei and his wife also started a new business - selling groceries. They bought a kiosk, brought in goods, and are beginning to earn their first clients, as they sell both what they grew themselves in the greenhouses, and packaged groceries such as grains, sugar, tea, etc.
Помимо выращивания овощей, Сергей вместе со своей женой начали новый бизнес - продажа продуктов питания. Они купили киоск, завезли товар и начинают приобретать первых клиентов, продавая как то что они вырастили сами в теплицах, так и упакованные продукты питания - крупы, сахар, чай,пр.
Previous Loan DetailsSergei is married with an 8-year-old son and 12-year-old daughter. The whole family lives in Kamenka. For the last six years, Sergei has been engaged in the growing of early tomatoes and cucumbers. He has six large greenhouses. Annually, he spends about 45,000 hryvnia on seeds and plastic sheetin... 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
- 6 months (Additional Information)
- Repayment Schedule
- At end of term
- Aug 9, 2013
- Aug 18, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.