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Lubov

Update on Lubov

Lubov has been a vendor at a local market in Novaya Kahovka for the past 14 years. She rents some space from the market's administration but has her own boutique where she sells artificial flowers, bouquets, floral compositions, ikebana... She is a very creative woman, who is able to create beautiful things with her own hands. She uses most of her earnings to take care of the needs of her family.

Lubov needs 8,000 hryvnia to buy a large assortment of floral goods for the Ukrainian Memorial Day, which is observed a week after the Easter Holiday. This is the time of year when Ukrainian people remember their relatives who have died and honor their memories by adorning their graves with artificial flowers.
View original language description ↓
Любовь 14 лет занимается торговлей на местном рынке в Новой Каховке. Она арендует землю у администрации рынка, бутик — в ее собственности. Любовь торгует искусственными цветами, букетами, композициями, икебанами. Она — очень креативная, умеет делать интересные вещи своими руками. Многое от выручки вкладывает в нужды своей семьи.
Сумма в 8 000 гривен нужна ей для того, чтобы закупить цветочную продукцию в большом ассортименте к поминальным дням, которые в Украине соблюдаются через неделю праздника Пасхи. Это время, когда украинцы вспоминают умерших в своих семьях и в память о них украшают могилы родных на кладбищах искусственными цветами.

Previous Loan Details

Lubov is married with two grown daughters. She graduated from a college of commerce and used to work as a store vendor. However, economic crisis hit her hard and she was forced to find new ways to provide for her family. Today she runs a small business selling artificial flowers, dishware and ... More from Lubov'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

  • $8,000
    Average annual income
  • 2
    View loans »
    Ukraine Loans Fundraising
  • $6,185,300
    Funds lent in using Kiva
  • 11.3
    Ukraine Hryvnia (UAH) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Lubov to purchase new floral products for sale during the Ukrainian Memorial Day.
90% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015