Update on IbolyaIbolya sells secondhand clothes for a living. With the help of her last loan, she was able to increase her income by an additional 2,000 hryvnia. She is a model borrower; she takes large loans with a short payback term and always pays them off on time. As far as her business practices go, she typically stocks up on a lot of clothes, and, if she has any which aren't selling too well, takes them over to a local Gypsy settlement and gives them out for free.
This time around, she is seeking a loan of 30,000 hryvnia to stock up on clothes, undergarments, jackets and carpets. By having a greater variety of such goods for sale, she will be able to make more money; with this money, she hopes to finish the ongoing renovation of her home.
Иболя всегда закупает много товара, и когда у нее остается одежда, она вывозит ее в цыганский лагерь и раздает бесплатно.
Иболя просит предоставить ей кредит на сумму 30,000 гривен на закупку нижнего белья, одежды, курток и ковриков. Увеличив ассортимент, она сможет получить дополнительную прибыль. Иболя планирует увеличить доход и закончить начатый ремонт в доме.
Previous Loan DetailsIbolya is from Vinogradovo, Western Ukraine. She sells second-hand clothing at the central market of her native town. Three of Ibolya's retail outlets are located practically right in the center of the market, where there is no significant competition. Ibolya has been working with this type of... More from Ibolya'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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