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Jul 22, 2016 3:18 PM ET

Archived: Ukraine: A loan of $3,025 helps to change the heating system in Vladimir’s house.

iCrowdNewswire - Jul 22, 2016


Vinogradovo, Ukraine / Personal Housing Expenses
Borrower image

Vladimir’s story

Vladimir is retired. However, he doesn’t want to just sit at home and do nothing which is why he started a flower business 8 years ago. Vladimir grows flowers in greenhouses. He owns two spacious greenhouses – 3 and 8 ares. The whole family helps with this farming business. Vladimir grows a whole variety of different flowers and sells them wholesale to small retail shops selling plants and flowers.

Vladimir used to work for the police. He is very organized and disciplined. He knows how to save money and use his finances wisely. At the moment he is planning to change the heating system in the house. Vladimir wants to start saving on heating expenses which is why he needs a more energy efficient system. He has 20,000 Grivnyas of his own. He needs additional 75,000 Grivnyas to implement this project and buy the boiler and the pipes needed for it. 

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This loan is special because:

It reaches rural populations with less access to opportunity. 

Kendra Thorogood
Kiva staff 

More about this loan 

About HOPE Ukraine, a HOPE International institution:

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.

A loan of $3,025 helps to change the heating system in his house.

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