Update on OksanaOksana has already experienced the benefits of KIVA lending services. A previous loan has helped her to sustain her business and increase her immediate income.
This time Oksana is hoping to receive 10 000 Grivnas to purchase sugar, flour, noodles, oil and cereal at a local wholesale warehouse for further retail sale at her vending location. Stocking her business with additional merchandise, she is hoping to increase her income even more.
Previous Loan DetailsHer previous loan helped Oksana to make a bulk purchase of foodstuffs at low prices and make additional profits. This time, she also plans to stock up on food - flour, sugar, spaghetti, etc. - for sale in her shop. Oksana's family has gone through exciting changes - her daughter got married, a... More from Oksana'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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