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Update on Olga

Olga lives in Melitopol. She sells menswear, including shirts and denim clothes, as well as womenswear and clothing for teenagers at the local market near the train station. She has been working in this field for 17 years. She rents the shop where she works. Olga has come to Kiva for a loan of 21,000 Ukrainian Hryvnia to buy seasonal clothing for men, women, and teenagers for her to re-sell.
View original language description ↓
Ольга живет в Мелитополе. Она занимается торговлей мужской одеждой, рубашками, джинсовой одеждой, а также женской и подростковой одеждой на местном привокзальном рынке. В этой сфере Ольга работает вот уже 17 лет. Магазин, в котором она торгует, она арендует.
Ольга обратилась к КИВА за суммой в 21 000 гривен для того, чтобы закупить сезонную мужскую, женскую и подростковую одежду под реализацию.

Previous Loan Details

Olga is married with two grown sons. She runs a clothing store in her home town of Melitopol. She rents a facility to sell men’s and women’s clothing inventory, in particular jean clothing items. She buys her merchandise from wholesalers in Odessa. Olga is an experienced entrepreneur who has been... More from Olga'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
  • 2
    View loans »
    Ukraine Loans Fundraising
  • $6,441,575
    Funds lent in using Kiva
  • 8.2
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Olga to buy seasonal menswear, womenswear, and clothing for teenagers to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 2, 2012
Nov 14, 2012
Currency Exchange Loss:
Nov 17, 2013