Update on IvanIvan and his family - his wife and two daughters - live in Vinogradovo. He works as a painter in a local clothing factory. He has been working there for over 11 years. Ivan wants to spend 9000 hryvnia renovating two rooms, specifically he wants to tear up the old floor, pour concrete, and put down laminate in both rooms.
Иван хочет использовать сумму в 9 000 гривен для того, чтобы сделать ремонт в двух комнатах, а именно демонтировать старый пол, залить стяжку, настелить ламинат в обоих комнатах.
Previous Loan DetailsIvan is married. He has two children. Ivan has worked as a painter at a garment factory for more than 11 years. He is hard working, persistent and responsible. Ivan has a steady income. Ivan requests a loan in the amount of 8,000 hryvnia for the purchase of furniture for the kitchen and of a ... More from Ivan'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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