Update on NazmiNazmi wants to thank all Kiva lenders for their support, which helped him purchase new tires and complete repairs on his vehicle. This loan has helped him continue and further develop his business.
Through the use of the loan, Nazmi was able to increase his income and thereby improve the living conditions of his family. He says that his business has grown and he now has even more customers.
Nazmi is once again requesting a loan, this time so he can renovate his garage and fix his car. He will continue in the future to work as a taxi driver as he works toward his goal of improving the living conditions of his family even more. He wants to thank all of the lenders for their support once again!
Previous Loan DetailsNazmi is 67 years old and comes from Kosovo. He is married and has three children, two of whom attend school. Nazmi has his own business as a taxi driver and possesses the appropriate license to operate as such. He is very diligent and attentive to both the requirements for operating his busi... More from Nazmi'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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- Repayment Term
- 30 months (Additional Information)
- Repayment Schedule
- May 30, 2013
- Jun 25, 2013
- Currency Exchange Loss:
- Jul 25, 2013
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.