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Sergei

Update on Sergei

Sergei owns a sizable business; he has many greenhouses where he grows tomatoes and cucumbers. In the courtyard, he has a beautiful house with impressive cleanliness and order.

Last fall, thanks to a loan from Kiva, Sergei installed a heating system and greenhouses, and was very happy with them. In March, he planted cucumbers and spent night and day heating the greenhouses. He was expecting a successful harvest, but over time he noticed that the plants were not growing actively. He measured the temperature, and it turned out that the soil was not warm enough. Sergei was concerned because cucumbers are heat-loving plants, so he began to investigate the problem. He discovered that the heating pipes had leaks, and thus were half empty. Sergei was disappointed; the harvest began much later and he lost profit.

Now Sergei is requesting a loan of 40,000 UAH in order to buy new, quality hoses, as well as coal for heating. Sergei is hoping that next year, everything will work correctly -- after all, he loves order!
View original language description ↓
У Сергея отличное, большое хозяйство, много теплиц, в них он выращивает помидоры и огурцы. Во дворе очень красивый дом и что больше всего впечатляет- это идеальный порядок. Прошлой осенью благодаря кредиту от КИВА Сергей провел отопление в теплицы и очень этому радовался. Посадил в марте огурцы, недосыпал, топил день и ночь теплицы. Ожидал успеха в раннем сборе урожая. Но через некоторое время обратил внимание, что растения развиваются не очень активно. Решил замерить температуру и оказалось, что земля не достаточно прогрета. Сергей был обеспокоен, так как огурцы очень теплолюбивые растения и поэтому стал выяснять в чем причина. Он обнаружил, что отопительные шланги в некоторых местах дали течь и поэтому были наполовину пустыми. Сергей был расстроен, сборка урожая началась значительно позже и он потерял в прибыли.

Сейчас Сергей опять обратился за кредитом в 40 тыс. грн. для приобретения новых качественных шлангов, а также уголя для отопления. Сергей надеется, что в следующем году у него будет все работать как надо, ведь он так любит порядок!

Previous Loan Details

Sergei lives in Vodyanoye. He is a farmer and has 6 greenhouses where he grows early vegetables, while an additional greenhouse is used for seedlings. Each year, Sergei plants 10,000 tomato bushes. He has invested 180,000 hryvnia into his business, which he has been running for 15 years. Each yea... More from Sergei'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
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,208,075
    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 Sergei to buy new hoses and coal for heating greenhouses.
68% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014