Update on VolodyaWith the help of a loan from KIVA last year, Volodia built several medium-size greenhouses. His profit was 100,000 UAH (previously, it was 80,000 UAH). The loan helped Volodya significantly, and so he is once again turning to KIVA for financial help. This time, Volodya is applying for a loan to construct arched greenhouses, because his current greenhouses are not very stable. Since his first loan, his second son has returned from the army, has found a job, and is helping the family. Volodya has a large family - six children - and financial stability is very important for them.
За это время второй сын пришел из армии, устроился на работу, помогает семье. У Володи большая семья, шестеро детей и финансовая стабильность для них крайне важна.
Previous Loan DetailsVolodya is married with five sons. He lives and runs his farming business in the town of Vodyanoye. Volodya grows early spring vegetables, e.g., tomatoes, radishes, peppers, and cucumbers. His whole family is actively involved in this business. Volodya has been running this venture for twenty yea... More from Volodya'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
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Oct 19, 2011
- Nov 1, 2011
- Currency Exchange Loss:
- Sep 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.