A few weeks ago, Spheric helped small entrepreneurs by lending them money through Kiva. Kiva is a site that allows people to make micro loans to developing-world entrepreneurs. Check out how Kiva works.

One of the entrepreneurs that we helped is Valentina Obrucheva. Valentia has just received the loan money and in the next 12 months, she will be repaying the loan. Here’s a short description from her profile on Kiva:

Valentina started her business in the era of Perestroika when she didn’t get paid at her previous job and had to quit it in order to survive. She has successfully been running her business selling women’s jackets, sweaters and footwear for 14 years. She has been working in the market called Yulana and has gotten to know some of the tricks of her trade really well. Her business has seen stable and consistent growth within the past years. Presently, Valentina has over 17,000 Grivnas in turnover capital. Her net profit is about 3,500 Grivnas a month. Valentina is married with two grown children. She is always seeking ways to earn additional income for her family. She would love to get a 3000 Grivna loan to purchase new inventory, increasing her stock as a result. Valentina is in the process of constructing a vending kiosk for inventory storage. We believe her polite and respectful way in dealing with customers, along with perfect credit history, will secure timely loan repayment.