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Ararat

Update on Ararat

In the fall Ararat proposed buying a good sized piece of land to build greenhouses on. Ararat had noticed the plot a while back, and was very happy to see it offered for sale. However, he didn't have the large sum of money needed for payment. Ararat has again asked for help in order to get a loan for 40,000 hryvnia to buy the additional land. He says thank you for the help, since he would not have been able to pay otherwise and others would have bought the land. Ararat has plans for the future - he wants to build greenhouses on the new land, so he hopes to continue working with Kiva.
View original language description ↓
Осенью Арарату предложили приобрести хороший большой участок земли под строительство теплиц. Этот участок Арарат приметил уже давно и очень обрадовался, что теперь он продается. Однако нужно было отдать крупную сумму денег, которой у Арарата не было. Арарат в очередной раз обратился за помощью, чтобы взять кредит 40 тыс. грн и приобрести дополнительный участок.

"Спасибо за вашу помощь, самостоятельно я бы не справился и участок купили бы другие люди». У Арарата есть планы на будущее - он хочет построить на новом участке две теплицы, поэтому надеется на дальнейшее сотрудничество с КИВОЙ.

Previous Loan Details

Ararat has a plot of land, where several greenhouses are located. Last time he obtained a loan and installed a fourth large greenhouse. This year, Ararat plans to install another greenhouse and provide heating for two greenhouses. He also started to make repairs in his house, where he lives wi... More from Ararat'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
  • 2
    View loans »
    Ukraine Loans Fundraising
  • $6,183,700
    Funds lent in using Kiva
  • 8.2
    Ukraine Hryvnia (UAH) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,900 helped Ararat to purchase land for building green houses.
68% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 14, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014