Update on ValentinaThis year has been particularly trying for Valentina. She lives with her son and daughter-in-law and runs a farming business with them. They grow tomatoes and cucumbers. In the spring they decided to plant a new variety of "pink" tomatoes but because they had no experience with this type of tomatoes, the harvest came very late. In the fall, they planted cucumbers in the hope of obtaining a second harvest, but again this did not work. They only got few cucumbers and the rest of the harvest was lost due to the cold. But Valentina did not give up. To the contrary, these failures reinforced her determination to install a heating system. She is requesting a loan of 31,000 Hryvnia to buy a boiler, hoses, engine and other equipment necessary to install a heating system in her greenhouses.
Previous Loan DetailsValentina grows vegetables in the greenhouses. She has already used Kiva's loans thanks for which was able to grow good harvest and get additional profit. During the last year Valentina made repairs at home. She installed new plastic windows, new bathroom and upgrades in the kitchen as wells as p... More from Valentina'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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Success!! The loan was 100% repaid