Update on VitaliyVitaliy sells women's shoes and clothing. He used his previous Kiva loan to purchase goods. Thanks to the increased sales volume, Vitaliy was able to get an additional income and pay the fee to the college where his eldest daughter studies.
Vitaliy continues to increase the number of sales points for his goods. He rented several additional selling spaces at the market. This way he created work for other people, at least in the time of change of season, when people buy more.
Currently Vitaliy would like to purchase inexpensive women's shoes. They sell very well. People don't have money for expensive shoes, and therefore they purchase more of the inexpensive ones. Still, due to larger turnover, the earnings are good.
Vitaliy requests a loan in the amount of 20,000 hryvnia.
Виталий продолжает увеличивать количество точек продажи своего товара. Он арендовал еще несколько торговых мест на рынке, т.о. создав рабочие места для других людей, по крайней мере на время смены сезонов, когда люди покупают больше.
Сейчас Виталий хочет закупить недорогую женскую обувь. Она очень хорошо продается. У людей нет денег на дорогую, поэтому они покупают более дешевую. Тем не менее за счет больших оборотов заработок получается хороший.
Виталий просит предоставить ему кредит в размере 20,000 гривен.
Previous Loan DetailsVitaliy is from Khoost. He sells women's shoes and clothes locally. Vitaliy used to travel village to village selling, but he bought a stall for 14,000 hryven (UAH) at the local market that is not equipped for travel. Vitaliy needs 20,000 hryven in order to buy inventory for the winter season.… More from Vitaliy'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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