Yuryi is very focused and determined. He is grateful for the loans he has received from “Nadiya Ukraine” which have helped the expansion of his business. Today, Yuryi is requesting a loan of 5,000 Grivnas to purchase additional raw materials to manufacture funeral wreaths, e.g. sham flowers, wire and ribbons. The loan will be beneficial for Yuryi’s business by keeping it competitive and promoting further growth so that it will continue to provide necessary income for him and his family.
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid