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Update on Svetlana

Svetlana is taking out another loan so that she can finance the opening of a second market stall at the central market. She is hoping to get substantial profits from the increased goods turn-over. Last winter Svetlana had difficulties as the bad weather resulted in diminished purchasing. Despite this set back Svetlana has been able to return to high profit levels come spring. She is very serious about expanding her business as it is the sole source of income for her.
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Светлана берет очередной кредит, чтобы открыть новое торговое место на центральном рынке. За счет увеличения оборота, Светлана планирует получить дополнительную прибыль. Прошлой зимой Светлане пришлось нелегко. Был заметный спад торговли из-за ухудшеня погоды. Тем не менее, Светлана мужественно справилась с таким негараздом и к середине весны вышла на прежний уровень доходов. Она серьезно настроена развивать свой бизнес дальше, т.к. он является единственным источником дохода.

Previous Loan Details

Svetlana is divorced and is raising her 12-year-old son by herself. She is an entrepreneur from Melitopol, where she sells men’s clothing at a local open market. Svetlana has been in this business for 7 years. With the financial assistance of Nadiya Ukraine, she has been able to add variety to he... More from Svetlana'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
  • 2
    View loans »
    Ukraine Loans Fundraising
  • $6,441,575
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Svetlana to open a new market stall.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 22, 2012
Jun 22, 2012
Currency Exchange Loss:
Nov 17, 2013
This photo was used before for a previous loan for Svetlana. It was first posted on Kiva on May, 2011. Learn More