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Update on Mykailo

Mykhailo has his own shop where he sells wholesale goods. Thanks to his previous laon, he was able to add a new type of product--plumbing supplies--and this helped him to find new customers.

In recent years, the purchasing power of the population has decreased, and this was reflected in revenue. Mykhailo is not more careful in choosing his goods. He is trying to bring new items and goods by request of specific customers. Mykhailo wants to increase his family's income because he has a large family.

Mykhailo is asking for a loan of 21,000 hryvnia to increase his product range: sinks, toilets, and other similar goods.
View original language description ↓
Михайло имеет свой собственный магазин, где он продает товары для тома. Благодаря предыдущему кредиту появился новый вид товара - сантехника. И это помогло обрести новых клиентов.

За последнее время покупная способность населения уменьшилась, и это отразилось на выручке. Михайло теперь более осмотрительно выбирает товар. Он старается привозить новинки и товар на заказ для определенного покупателя. Михайло хочет увеличить доход семьи, так как у него большая семья.

Михайло просит предоставить ему кредит в сумме 21000 гривен на увеличение ассортимента товара - умывальников, унитазов, а тажке другого товара.

Previous Loan Details

Mykailo is married with two children. He has owned a retail business selling bathroom equipment for 8 years. His honesty and friendly attitude attracts many customers. A large assortment allows his customers to make good choices and purchase what they need at his store. Mykailo would like to ... More from Mykailo'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
A loan of $2,600 helped Mykailo to purchase washbasins and toilets for sale in his retail store.
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 31, 2013
Jun 14, 2013
Currency Exchange Loss:
Jul 14, 2013
This photo was used before for a previous loan for Mykailo. It was first posted on Kiva on Oct, 2011. Learn More