Update on HedijeHedije is very grateful to the Kiva lenders for their support. The loan she had been given previously has helped her to renovate her kitchen and to install a water supply. She is very happy that she has been able to work towards realizing her dream. She has said that without the loan she could not have managed to complete the renovation.
She is now requesting a loan once again to continue renovations in her home, this time to buy tiles and to extend the water supply to the toilet. She hopes that with this second loan she will be able to finish the renovations to her house. Once she is able to complete all of the work needed in her home, she would like to focus on her goal, which is to open her own hair salon for women. In this way she believes she can manage a way to offer a better life for her family. She wants to thanks all Kiva lenders for their second loan.
Previous Loan DetailsHedije, forty-nine years old, is a housewife and her husband is an auto mechanic worker. He is the main source of income for their family. Together they have one young boy. Hedije loves her son very much and spending her time taking care of him as a stay at home mother. At this time Hedije is req... More from Hedije'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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- Repayment Term
- 22 months (Additional Information)
- Repayment Schedule
- Jun 14, 2013
- Jun 27, 2013
- Currency Exchange Loss:
- Mar 17, 2015
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.