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Update on Oleg

Oleg sells bicycles and spare parts for them. He needs a loan for the purchase of a batch of spare parts for bicycles: Chains, spokes as well as wheels and tires.

Oleg is a decent and hardworking man, he is never late on payments and he always pays his loan back on time.
View original language description ↓
Олег торгует велосипедами и запчастями к ним. Кредит понадобился для закупки партии запчастей для велосипедов: цепей, спиц, а так же колес, и шин. Олег - порядочный и трудолюбивый, он никогда не опаздывает по выплатам, всегда вовремя выплачивает свои кредиты.

Previous Loan Details

Oleg sells bicycles and their parts in a retail outlet that is very advantageously located. His wife helps him with his business. Oleg offers a huge selection of products that are in constant demand from the local populace. Presently, he needs additional funds from Kiva in order to bring in a new... More from Oleg'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
  • 4
    View loans »
    Ukraine Loans Fundraising
  • $6,552,350
    Funds lent in using Kiva
  • 8.2
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Oleg to purchase spare parts for bicycles.
100% repaid
Repayment Term
3 months (Additional Information)
Repayment Schedule
At end of term
Oct 23, 2012
Nov 7, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Oleg. It was first posted on Kiva on Sep, 2012. Learn More