Update on YelenaYelena is grateful for her previous Kiva loan. She successfully invested it and made an additional profit. This time, Yelena is requesting a loan to purchase summer bedding and also swimming suits, summers shoes and shorts. Yelena is an excellent mother. She helps her daughter, who recently got married, to make repairs in her apartment. Her daughter is expecting a child, and Yelena will soon become a grandmother. Yelena wants to invest some of the profit back into the business in order to make a purchase of bedding for the autumn.
Елена - отличная мать. Она помогает своей дочери, которая недавно вышла замуж, делать ремонт в квартире. Ее дочь ждет сейчас ребенка и скоро Елена станет бабушкой.
Часть прибыльи Елена хочет вложить обратно в бизнес, чтобы сделать закупку постельного белья на осень.
Previous Loan DetailsYelena is married. She and her family live in Pavlograd. Yelena runs a small retail business selling bed linens and sheets, as well as artificial flowers. She owns a kiosk at a local central marketplace. Yelena has been in this business for 2 years. She likes being self-employed and works hard to... More from Yelena'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