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Update on Elena

Elena lives and works in Melitopol. She sells school supplies in two schools and books and office supplies at a registered kiosk in one of the city's major markets. She has about 7 years of experience in this line of work.

Elena plans to use the Kiva loan of 30,000 hryvnia to purchase goods such as office supplies and books. She plans to continue developing her business while avoiding all the pitfalls of running a small business in Ukraine. In the process she will improve her family's living conditions.
View original language description ↓
Елена живет и работает в Мелитополе. Она торгует школьными принадлежностями в двух школах, а также канцелярией и книгами в зарегистрированных киосках на одном из крупных рынков города. Опыт работы в этой сфере у Елены составляет около 7 лет.
Елена планирует использовать сумму, полученную от КИВА в размере 30 000 гривен для того, чтобы закупить партию товара, а именно канцелярские товары и книги. Она планирует развивать свой бизнес и дальше, преодолевая все подводные камни ведения малого бизнеса в Украине, улучшая в процессе быт своей семьи.

Previous Loan Details

Elena sells school supplies. She is requesting a loan of 10,000 UAH in order to stock up before the next school year. She has several vending stands and hopes to be able to increase her sales volume significantly thanks to Kiva’s financing. Elena is hard-working and responsible. She wants to deve... More from Elena'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
  • 11.4
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Elena to buy office supplies and books to sell at her kiosks.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 15, 2014
May 10, 2014
Currency Exchange Loss:
May 17, 2016