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Yuryi's Group
In this Group: Yuryi
Yuryi is a married father with a 5-year-old. His family lives in Tavryisk. Yuryi offers ceremonial services and sells ceremonial inventory in his home town. He has been in this business for 4 years. His turnover capital is about 13,000 Grivnas and net profit exceeds 3,000 Grivnas a month. One of the specific characteristics of his business is high turn-around of inventory.

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.

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.

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.

About Ukraine

  • $8,000
    Average annual income
  • 0
    View loans »
    Ukraine Loans Fundraising
  • $6,145,200
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A portion of Yuryi's Group's $625 loan helped a member ceremonial inventory and services.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2009
Listed
Feb 18, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009