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Update on Yelena

Yelena trades men's clothing at the market. She has a lot of work experience and three trading posts. She has already used loans from KIVA and considers them convenient and useful for her business.

At this time, Yelena wants to renew her inventory: to purchase a new variety of winter men's denim trousers and jackets. A large and fresh assortment gives Yelena a competitive advantage and increases her sales. Similarly, Yelena will be able to maintain two work sites since she works for two sellers. Yelena wants to invest part of the profits back in the business, and part will go to living expenses for her family since Yelena's business is the main source of income in the family.
View original language description ↓
Елена торгурет на рынке мужской одеждой. У нее большой опыт работы и три тогровые точки. Она уже пользовалась кредитами от КИВЫ и считает их удобными и полезными для своего бизнеса. В этот раз Елена хочет обновить свой товар - закупить новый ассортимент зимних мужских джиносовых брюк и курток. Большой и свежий ассортимент даст Елене конкурентное преимущество и увеличит ее продажи. Также Елена сможет сохранить два рабочих места, т.к. у Елены работает два продавца. Часть прибыли Елена хочет вложить обратно в бизнес, а часть пойдет на повседневные расходы для ее семьи, т.к. бизнес Елены является основным источником дохода в семье.

Previous Loan Details

Yelena works in one of the biggest markets in the city of Melitopol, where she owns her own stall and sells men's clothing. She has been in this business for 17 years now. Yelena turned to KIVA for a loan of 400 griven in order to purchase shirts and seasonal denim clothing for fall and winte... More from Yelena'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.


About Ukraine

  • $8,200
    Average annual income
  • 4
    View loans »
    Ukraine Loans Fundraising
  • $6,342,700
    Funds lent in using Kiva
  • 8.2
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,275 helped Yelena to purchase seasonal denim clothing for winter.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Dec 9, 2013
Jan 7, 2014
Currency Exchange Loss:
Jun 17, 2014