Update on AgimAgim wants to thank Kiva lenders for the previous loan, which helped him to repair his vehicle, to change the tires for wintertime and to buy engine oil. The previous loan has helped to increase his business profit and to improve the family's living conditions. He is very satisfied and happy with his business income. He plans to continue his taxi business in the future.
Now Agim is requesting a second loan for a different purpose. Now he is in need of a loan to buy a milk cow. The loan will help him and his family to cut the daily expenses for milk, cheese and other milk products. Agim's goal is to provide a secure life for his family. He thanks Kiva lenders again for their support on his second loan!
Previous Loan DetailsAgim is forty-six years old and lives in a northern part of Kosovo. He is married and is a father of a five year old child. Agim provides transportation services with his van. He has been active in this business for eight years. His business and client base are growing steadily and he has a good… More from Agim's previous loan »
About KosInvestKosInvest 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.
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This loan has been fully funded!
- Repayment Term
- 30 months (Additional Information)
- Repayment Schedule
- Apr 19, 2013
- May 5, 2013
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.