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Update on Yelena

Yelena sells bedding at the market. There is currently an increased demand for bedding, and, having a big retail outlet, she needs a lot of merchandise. Yelena plans to buy Turkish merchandise in Odessa. She travels for the merchandise with her husband, who also has his own business, in a family minivan. They lives in a house in a suburb with the youngest son and oldest married daughter. Their grandson Misha is going through a oncological rehabilitation, and their daughter recently has a healthy daughter (7 months). The entire big family lives together. Yelena is very happy to have a possibility to obtain loans and uses the profit to develop her business, as well as to help her children.
View original language description ↓
Елена тогрует постельным бельем на рынке, сейчас на него повышенный спрос у нее большая торговая точка и ей надо много товара. Елена планирует закупить турецкий товар в Одессе. За товаром она ездит вместе с мужем, у которого тоже свой бизнес, на семейном микроавтобусе. Проживают в доме в пригороде с меньшим сыном и старшей замужней дочерью. Внук Миша проходит реабилитацию по онкологии ,недавно у дочери родилась еще девочка (7мес) здоровая. Вся большая семья живет вместе. Лена очень довольна возможностью брать кредиты и использует прибыль как на развитие бизнеса, так и на помощь детям.

Previous Loan Details

Yelena is married with two grown children. She sells bed linens and sheets as well as blankets in the central marketplace of her hometown of Novomoskovsk. Yelena owns a big vending facility in this market, which is located in a busy spot where hundreds of potential customers pass by every day. Sh... More from Yelena'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

  • $8,200
    Average annual income
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,552,350
    Funds lent in using Kiva
  • 8.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Yelena to purchase bedding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 12, 2011
Oct 19, 2011
Currency Exchange Loss:
Jul 20, 2012
This photo was used before for a previous loan for Yelena. It was first posted on Kiva on Feb, 2011. Learn More