Ukrainian hopeful Svetlana Loboda is staking more than just her reputation on this year's Eurovision Song Contest, if reports are to be believed – her Kyiv home may be part of the gamble on success in Moscow.

According to one source, the singer has been forced to fund her Eurovision escapades from her own pocket in these cash-strapped times, as financial backing was not forthcoming for the Hell Machine stageshow, costing nearly 80,000 Euros according to some reports.

Huge opportunity
Showing true belief in her entry, the singer has apparently remortgaged her home in Kyiv to pay for the show. "It's a nice apartment in Kyiv and I've used it to get a loan from the bank." She admitted: It's a risk – I could end up with nothing – but it's a huge opportunity."

Svetlana and her troupe of dancing boys have already appeared in numerous events and shows across Europe, promoting the Ukrainian entry Be My Valentine, which will compete in the second semi-final on May 14th in Moscow.