Update on SergeiSergei has big plans for his second harvest and hopes to double his revenue. He has been investing everything back in his business. He recently inherited a piece of land from his parents, who weren't working it anymore. It has two big greenhouses which he has spent time and money fixing up so that he can use them.
This year prices have risen and continue to rise, and therefore Sergei put all his money toward buying fertilizers and plastic film as well as helping his son and his sister, whose daughter got married. Seeds have gotten more expensive too and he now has the ability to buy good ones, so Sergei decided to turn to Kiva, so he can borrow some money and buy seeds both for this year and next year. The sum he needs for this is 15,000 grivens.
В этом году всё очень подорожало и продолжает дорожать, поэтому все свободные средства Сергей вложил в покупку удобрений, пленки, а также помог сыну и сестре, которая выдавала замуж дочь. Так как сейчас и семена также очень дорожают, а сейчас есть возможность приобрести качественные, Сергей решил обратиться к КИВА, чтобы получить дополнительные средства и купить семена уже и на следующий год. Сумма необходимая ему для этого — 15 000 гривен.
Previous Loan DetailsSergei lives in a village where the majority of the residents are farmers. Large plots of land allow for the cultivation of large quantities of vegetables, and almost every house has its own large greenhouses. Sergei himself is a very successful farmer, specializing in the cultivation of… More from Sergei'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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