Update on RaisaThe previous loan from Kiva has helped Raisa and her family. By getting an additional profit Raisa directed it towards developing of her business. She practically twice increased the size of her vendor location. Thanks to the financial means the family was able to pay for the education of one of the daughter's in a higher education institution.
Raisa wants to invest the loan from Kiva to buy seeds for sale to the agricultural farmers as the season is about to start and also to pay for the rent of her vendor space.
Раиса хочет вложить полученный от КИВА кредит в приобретение семян для продажи на фермерам-сельскохозяйственникам, так как сезон вот-вот начнется, а также хочет оплатить аренду торгового помещения.
Previous Loan DetailsRaisa is married with two teenage daughters. She is a small market entrepreneur from Ivano-Frankivsk. Raisa sells household items such as candles, shoe polish, seeds, farming chemicals, etc. in the central marketplace ‘Troyan’ with the help of her husband. Raisa has been in this trade for 4 years... More from Raisa'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
- 20 months (Additional Information)
- Repayment Schedule
- Feb 16, 2012
- Mar 16, 2012
- Currency Exchange Loss:
- Sep 17, 2013
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.