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Update on Ludmila

Ludmila sells various goods. She started selling motor oils and paints and then expanded her activity to include office supplies. This seasonal business is going quite well and it allows her to work when the children are in school.

Thanks to her previous loan, Ludmila was able to further diversify her activity and she started selling photo albums. This is also a seasonal business, which is profitable in the summer when many people go on vacation, take pictures, and then buy albums.

Ludmila is requesting a loan to increase her inventory of goods. She's going to spend a large part of the amount for the purchase of albums, as well as increase the assortment of oils and paints. Lyudmila intends to further develop her activity and is looking for other new, successful business opportunities.
View original language description ↓
Людмила занимается продажей различных товаров. Начинала она с продажи автомобильных масел и красок, затем добавила канцтовары. Это сезонный бизнес, хорошо идет, когда дети идут в школу. Благодаря предыдущему кредиту Людмила смогла открыть еще одно направление - продажа фотоальбомов. Это также сезонный бизнес, который хорошо идет летом, когда многие люди ездят в отпуска, делают фотографии и затем покупают альбомы. Людмила просит предоставить ей кредит на увеличение ассортимента товара. Она собирается потратить большую часть суммы на закупку альбомов, а также увеличить ассортимент масел и красок. Людмила намерена развивать свой бизнес и дальше, ища новые успешные направления.

Previous Loan Details

Ludmila's current loan will help her to replenish her working capital. She is hoping to use this money to continue expanding her business. Last year was difficult for Ludmila as there was a decline in sales during winter due to adverse weather, and her business went through hard times. Neverth... More from Ludmila'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
  • 10
    View loans »
    Ukraine Loans Fundraising
  • $6,534,900
    Funds lent in using Kiva
  • 8.2
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Ludmila to increase her inventory of photo albums, motor oils and paints.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 29, 2013
Jun 4, 2013
Currency Exchange Loss:
Jan 18, 2014