Update on VasiliyVasiliy has already received loans from KIVA several times. Thanks to previous loans Vasiliy was able to expand his inventory at a new market stall. This time Vasiliy plans to use the funds he is requesting, 11,000 Hryvnia, to buy watches, clocks, and digital clocks to further expand his business.
В этот раз Василий планирует использовать полученную финансовую помощь в размере 11 000 гривен для того, чтобы закупить наручные, настенные и электронные часы под реализацию, тем самым далее расширяя свой бизнес.
Previous Loan DetailsVasiliy lives and works in the city of Zaporozhye. He works at one of the city's largest markets, where he rents two retail spots. Vasiliy sells electrical goods, lightbulbs, batteries, thermoses, radios, flashlights etc. He has been in this business for the past 5 years. Vasiliy plans to use ... More from Vasiliy's previous loan »
About HOPE UkraineHOPE 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.
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