Update on OlgaOlga used her previous loan to purchase winter clothing. The season was good, sales went well, and Olga was able to make an additional profit. She spent some of the profit on the family's needs and the rest on business expansion. This time, Olga is requesting a loan to purchase fall merchandise, such as sweaters, warm shirts and jackets, at a good price. Currently, she is able to buy merchandise at a discount, which will allow her to make an additional profit without raising her prices. There is an event happening in Olga's family this autumn - her son's wedding. She wants to help her son with the wedding expenses and also with the living arrangements after the wedding.
В этот раз Ольга просит предоставить ей кредит для закупки осеннего товара - свитеров, теплых рубашек, курток - по выгодной цене. Сейчас Ольга может купить товар со скидкой, что позволит получить дополнительную прибыль не поднимая цену.
Этой осенью в семе Ольги будет событие - свадьба сына. Ольга хочет помочь сыну со свадебными расходами, а также с жильем после свадьбы.
Previous Loan DetailsOlga is married and has a grown son. She and her family live in Pavlograd. Olga lost her previous job due to downsizing so she decided to start her own business. Today Olga owns a small business selling men’s shirts and sweaters in the central city market. Her prices are relatively low. Olga has ... More from Olga'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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