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Yelena is a small entrepreneur from Kharkov. She started a venture selling footwear at the Barabashova market seven years ago. She usually purchases inventory wholesale from a Chinese factory. Presently, Yelena’s turnover capital is about $9000, and her monthly net profit is about $1500.

Yelena is requesting a loan to increase her selection of merchandise for the coming summer season which will help her respond to customer demand. Because her clientele is continuously growing, she hopes to open a new vending spot and further develop her trade. At this stage in her business development, it is important for Yelena to offer a wide variety of items in order to establish a good reputation and attract more customers. This loan will enable her to continue building a solid foundation for her business so that it will be successful for many years to come.

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.

About Ukraine

  • $8,200
    Average annual income
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,552,350
    Funds lent in using Kiva
  • 5.0
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Yelena to purchase a new vending location and additional seasonal merchandise.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Apr 30, 2008
Apr 16, 2008
Currency Exchange Loss:
Jan 15, 2009