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Update on Yelena

Yelena decided to obtain a loan in the sum of 20,000 hryvnia to purchase pasta, sugar, grains and new varieties of tea that are in demand during the cold season. She used her previous loan to increase her product assortment because she plans to open another retail outlet at the market. Yelena bought a new refrigerator for her home and uses an old one for her business. Yelena's main business advantage over her competition is the largest selection of tea and coffee of various brands, to satisfy the most demanding customer.
View original language description ↓
Елена решила взять кредит в сумме 20,000 гривен на закупку макаронных изделий и сахара, круп, новых сортов чая, которые пользуються сросом в холодное время. Предыдущий использовала для увеличения ассортимента, планирует открыть еще одну точку на рынке. Елена приобрела домой новый холодильник, а старый использует в бизнесе. Основное конкурентное приемущество бизнеса Елены - самый большой выбор чаев и кофе самых разных марок, для требовательного покупателя.

Previous Loan Details

Yelena is married with a grown daughter. She is a market vendor from Pavlograd. Yelena sells groceries, noodles, and cereal, as well as over 50 kinds of tea and 40 kinds of coffee, in the central marketplace of her home town. She started working in the food-vending business five years ago. She wo... 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 pasta, sugar, grains and new varieties of tea.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 26, 2011
Nov 1, 2011
Currency Exchange Loss:
May 18, 2012
This photo was used before for a previous loan for Yelena. It was first posted on Kiva on Jun, 2011. Learn More