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Valon

Update on Valon

Valon wants to thank all Kiva lenders for the previous loan, which help him to increase his profit.
With the previous loan he had bought spare parts for motorcycle and was able to increase his business profit.
Valon used these profits to help his family and he managed to improve the conditions for his family life. Valon is very satisfied with his business and he plans to continue in the future.

Valon is now requesting a second loan for this business to buy motorcycles /scooters.
He hopes to increase, expand and generate income from his business even more and provide a secure life for his family.

He would like to thank again Kiva lenders for their second support!

Previous Loan Details

Valon is from Kosovo. He is married and is the father of a one-year-old child. For more than twelve years, he has managed a motorcycle mechanic repair business, which he inherited from his father. With this loan he will buy spare parts for motorcycles to expand and enrich his business. His ho... More from Valon's previous loan »

Additional Information

About KosInvest

KosInvest is a micro-enterprise development organization that provides loans to help people in rural Kosovo generate more income and improve their living conditions. It offers a wide range of loan products, from loans tailored to micro and small enterprises to loans designed to help women-headed households.

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 Kosovo

  • $7,600
    Average annual income
  • 2
    View loans »
    Kosovo Loans Fundraising
  • $1,785,575
    Funds lent in using Kiva
  • 0.8
    Euro (EUR) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Valon to buy motorcycles /scooters.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Oct 22, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014
This photo was used before for a previous loan for Valon. It was first posted on Kiva on Jun, 2012. Learn More