Update on RaisaRaisa's business has already received several boosts from KIVA . After receiving her last loan, Raisa was able to increase her product range and quantity, thus enabling her to earn additional income . This time, Raisa would like to increase the variety of bath robes she has for sale in anticipation of the holidays, when many people buy gifts for loved ones. For this, she needs 24,000 hryvnia. With the help of this money, she will be able to offer a more diverse product Raisa hopes to eventually make enough money from this loan to open a larger shop.
В этот раз Раиса хотела бы увеличить ассортимент банных халатов на продажу в преддверии праздников, когда многие покупают подарки для родных и близких. Для этого ей необходима сумма в 24 000 гривен. При помощи дополнительных средств направленных на закупку более разнообразного товара Раиса надеется со временем собрать дополнительную сумму денег от прибыли и открыть торговую точку побольше.
Previous Loan DetailsRaisa has repeatedly turned to Kiva for financial help. On receipt of the previous loan from Kiva, Raisa closed two of her retail spots and opened one new one in the heart of the city. She was able to do it at the expense of accumulated funds from the business. This time, she needed a sum of... More from Raisa'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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