Update on ShazadeShazade is very thankful to all of the Kiva lenders for her previous loan. With this support she has managed to improve her business by being able to purchase another sewing machine and additional materials for her work. Shazade mentioned that she has also improved the conditions for her family through her business by being able to provide adequate income for them.
She is still very happy for having her successful business and she is planning to continue to work in the future. At the moment she is requesting a second loan for the same business so that she may add another sewing machine as she has a lot of customer demand since she has expanded her business. She hopes to increase, expand and generate even more income from her business and provide a more secure and stable life for her family. She really appreciates all of the Kiva lenders for their support!
Previous Loan DetailsShazade is thirty-eight years old and is married. She lives in the southwestern part of Kosovo with her husband and two children. She is a very hardworking woman. She operates a tailoring and handicraft business from her home. She has been a seamstress for more than ten years and makes… More from Shazade'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
- 26 months (Additional Information)
- Repayment Schedule
- Jul 11, 2013
- Jul 19, 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.