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Igor

Update on Igor

Igor has already used Kiva's financial assistance a few times. His last loan from Kiva helped him to increase his inventory, therefore allowing him to make an additional 3,000 hryvnia. There has been no particular changes in his business recently. Igor now needs a sum of 10,000 hryvnia to buy seasonal merchandise, such as skirts, for resale in the fall. He hopes to increase his inventory and attract more customers.
View original language description ↓
Игорь уже несколько раз пользовался финансовой помощью со стороны КИВА. В последний раз полученные от КИВА средства помогли Игорю увеличить доход на 3 000 гривен за счет увеличения товарооборота. Особых изменений в бизнесе не наблюдалось за последнее время.
Игорю понадобилась сумма в размере 10 000 гривен для того, чтобы закупить юбки в качестве сезонного товара под реализацию осенью. За счет увеличения количества товарных единиц Игорь надеется увеличить также количество покупателей.

Previous Loan Details

Igor has already used Kiva to help us business a few times. Each loan has given him the opportunity to steadily increase his income. The last loan was used to buy a batch of inventory that increased Igor's income by 3,000 hrynia. It was especially tough for Igor and his business during the… More from Igor'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.

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
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Igor to purchase skirts wholesale.
83% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 22, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014
This photo was used before for a previous loan for Igor. It was first posted on Kiva on May, 2013. Learn More