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Update on Alexander

Thanks to a previous loan, Alexander has increased his gross revenue and net income. Alexander had some difficulty in winter: because of bad weather, there was a downturn in his business. Alexander successfully overcame this difficulty, and in the spring his business's sales rebounded.

Alexander is asking for a loan to develop his business. He plans to purchase seasonal (summer) goods to increase product sales. With any additional profit, Alexander plans to improve their living conditions by buying new furniture.
View original language description ↓
Благодаря предыдущему кредиту у Александра увеличилась валовая выручка и чистая прибыль. Зимой Александр столкнулся с трудностью - из-за ухудшения погоды был период спада в его бизнесе. Александр успешно преодолел эту трудность и в весеннее время его бизнес вышел на прежний уровень продаж.

Александр просит предоставить ему кредит на развитие бизнеса. Он планирует закупить сезонный (летний) товар и увеличить оборот. За счет дополнительной прибыли Александр планирует улучшить свои жилищные условия - приобрести новую мебель.

Previous Loan Details

Aleksandr is married and has a teenage son named Maxim. Aleksandr sells men's clothes: polo shirts, t-shirts, dress shirts etc. at the local market in the city of Melitopol. He prides himself on the large selection and low prices he is able to offer at his store, which makes his clothes affordabl... More from Alexander'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
  • 9
    View loans »
    Ukraine Loans Fundraising
  • $6,534,900
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Alexander purchase seasonal (summer) goods to increase product sales.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
May 17, 2012
Jun 14, 2012
Currency Exchange Loss:
Mar 15, 2013
This photo was used before for a previous loan for Alexander. It was first posted on Kiva on Aug, 2011. Learn More