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Update on Erika

Since the receipt and use of the last loan, not much has changed for Erika concerning her business or family. The Kiva loan helped her increase her inventory, and consequently raised her income. This time, Erika needs additional financial assistance, a loan of 15,000 hyrvnia in order to buy spring inventory. She hopes to continue to further increase her income and business.
View original language description ↓
Со времени получения и использования предыдущего кредита в семье и бизнесе Эрики практически не произошло особых изменений. Кредит КИВА помог ей увеличить количество товара в бизнесе и, соответственно, увеличить доход. В этот раз Эрика обратилась за дополнительной финансовой помощью в размере 15 000 гривен для того, чтобы приобрести партию весеннего товара. За счет его реализации Эрика надеется и дальше увеличивать свой доход от бизнеса.

Previous Loan Details

Erika is seeking a new loan in the amount of 10,000 Ukrainian Hryvnia in order to change and diversify her inventory for the autumn-winter season, specifically by buying women's sweaters, blouses and skirts. Erika hopes that the Kiva loan will allow her to increase her gross revenue and her profit. More from Erika'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 $1,850 helped Erika to buy inventory for spring season.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 11, 2013
May 15, 2013
Currency Exchange Loss:
Oct 17, 2014