Update on VasyaVasya is requesting this loan for the purchase of additional fishing gear for the upcoming winter season. He wants to buy gear, necessary for the winter fishing, in order to satisfy the increasing demand of fishermen. The previous loan was spent on increasing merchandise inventories and helped Vasya to open one more retail outlet at the market. Vasya himself is an avid fisherman, and this is why he loves his business very much, and intends to develop it further.
Previous Loan DetailsVasya is married and a small entrepreneur from Vinogradovo, where he owns a business selling fishing supplies in the local wholesale market. He started this business because he loves fishing and is an experienced fisherman. Vasya’s merchandise is unique in the marketplace where he works, which dr... More from Vasya'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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Success!! The loan was 100% repaid