Update on ValeriyValeriy is a resident of the Dneprovka village in the Ukraine. It is difficult to get employment in the village and this is why he develops his own business. He built large greenhouses and plants two harvests of cucumbers. The provision for the family for the entire year depends on the invested labor. Knowing this, Valeriy wants to purchase more land because it is known that the land feeds. And now, unexpectedly, his parents decided to give their son their land plot because they can no longer work on it. Valeriy became very happy that an opportunity to expand his business presented itself and will build two large greenhouses. He did not have enough money for this and this is why he decided to obtain a business loan. He had previously used loans from Kiva and knew where to request a loan. He likes the convenient repayment schedule, where the main repayments can be made at the end of the loan, after gathering the harvest. Valeriy's family will already be enjoying the new greenhouses at the end of this autumn because now their financial well being will significantly improve.
Зная это, Валерию хотелось приобрести еще землю, ведь как известно земля кормит. И тут неожиданно родители решили отдать сыну свой участок, потому что сами уже не могут его обрабатывать. Валерий очень обрадовался, теперь появилась возможность расширить свой бизнес и построить две большие теплицы. Средств для этого не хватало, поэтому Валерий решил взять бизнес кредит. Он уже пользовался кредитам от КИВЫ и поэтому знал куда обращаться.
Ему нравится удобный график погашения, где основные выплаты можно делать в конце кредита, после сбора урожая. Уже в конце этой осени вся семья Валерия будет радоваться новым теплицам, ведь теперь их благосостояние значительно улучшиться.
Previous Loan DetailsValeriy has been cultivating vegetables in greenhouses for more than ten years. His previous loan, last season, allowed him to supply heat to two of his greenhouses and to protect his crop from spring frosts. This time, he needs a loan to buy seeds and fertilizers. Valeriy's business is his… More from Valeriy'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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