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Galina

Update on Galina

Galina has a autoparts store in downtown V. Znamenka. She and her husband have been running the business together for many years. They are very open, sociable people. They are respected and well know throughout the region, since they provide agricultural equipment parts to drivers from other towns. With their extensive experience, they know what part to send, so that the buyers will have everything they need. Recently Galina noticed that fewer agricultural parts were being bought, and car parts were in higher demand. In order to not lose customers, they decided to expand their inventory of car parts, using a loan of 21,000 hryvnia. The loan will really help Galina develop her business.
View original language description ↓
В центре с.В.Знаменка расположен магазин автозапчастей Галины. Бизнес она ведет вместе с мужем, уже много лет. Галина и ее муж очень открытые, общительные люди. Их хорошо знают и уважают в районе, так как они сотрудничают с руководителями других сел, поставляют им запчасти на сельхозтехнику. За время работы приобрели большой опыт, поэтому знают какой товар завезти, чтобы покупатели могли приобрести у них все , что им нужно.
В последнее время Галина стала замечать, что запчасти на с/х технику стали покупать меньше, а на легковые авто спрос возрос. Поэтому чтобы не терять клиентов решили увеличить количество запчастей на легковые авто, для этого нужен кредит 21,000 гривен. Поученный кредит существенно поможет Галине в развитии ее бизнеса.

Previous Loan Details

Galina lives and works in the Velikaya Znamenka village. She has a husband and two adult daughters. Galina is involved in selling spare parts for agricultural machinery. Her husband actively helps her with this business because he knows machinery very well. They have been working in this field... More from Galina'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
  • 3
    View loans »
    Ukraine Loans Fundraising
  • $6,181,775
    Funds lent in using Kiva
  • 8.2
    Ukraine Hryvnia (UAH) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,575 helped Galina to increase inventory of spare parts.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015