Update on VictorVictor is a highly experienced farmer. He has been involved in growing vegetables, which is the most profitable business in his village, for 20 years. Over this period of time, he built several greenhouses, where he grows radishes and tomatoes. Victor is certain that success is dependent on his hard work and this is why he invests all of his strengths and means into developing the business. His family - wife and children - are good helpers. Suddenly, Victor received an offer to purchase land near his house. Victor requested a loan in the amount of 40,000 hryvnia. This is a good opportunity to expand his business because this land already has two greenhouses, and Victor will be able to plant more tomatoes there in the spring.
Неожиданно Виктору предложили купить земельный участок, рядом с его домом. Виктор обратился за кредитом в 40,000 гривен. Это хорошая возможность расширить бизнес ведь на участке уже есть две теплицы и весной Виктор сможет посадить больше помидор.
Previous Loan DetailsVictor grows vegetables in greenhouses. He mostly grows tomatoes, cucumbers and radishes. Every year Victor increases the number of plants in order to have a bigger harvest. In that way he could overcome annual changes in weather and competitors. Victor is asking for a loan to purchase film, ... More from Victor'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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