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Update on Raisa

Raisa has already used loans through Kiva several times. Each time, the additional financial means have had a productive impact on her business. From the moment she received her previous loan, Raisa was able to open another business location and her income increased by 2,500 hryven (UAH) per month.

This time, she is hoping to use a loan of 16,000 hryven to open a new business location and to buy up the inventory necessary to fill it. Raisa calculates that with the two business locations, her profit will now gradually increase by at least 50%.
View original language description ↓
Раиса уже несколько раз пользовалась кредитами КИВА. Каждый раз она видела плодотворное влияние на свой бизнес от дополнительных полученных средств. С момента получения предыдущего кредита Раиса смогла открыть еще одну торговую точку, и ее доход вырос на 2 500 гривен в месяц.
В этот раз она надеется использовать кредит в размере 16 000 гривен для того, чтобы запустить новую торговую точку и закупить нужное количество товара, чтобы заполнить ее. Раиса рассчитывает на то, что за счет функционирования двух точек ее прибыль теперь постепенно вырастет минимум на 50 %.

Previous Loan Details

Raisa S. is married with two children. She sells children's clothing at the local market. Raisa has been in this business for eight years. Long experience and optimism help Raisa to maintain good sales. Moreover, children's clothing is always in demand. Raisa is requesting a loan of 12,000... More from Raisa'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
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,552,350
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Raisa to open an new business location and to buy up the necessary inventory to fill it.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 27, 2012
Sep 3, 2012
Currency Exchange Loss:
Feb 15, 2013