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Afrim

Update on Afrim

Afrim is very grateful to all of the Kiva lenders for the previous loan he was given. With this support he was able to repair and buy some new musical instruments and in turn has managed to improve his business due to the better quality sound he has been able to provide to his customers.

Performing for celebrations and events is a seasonal job, based on weather and holiday schedules, so he also tried to save some money for when he cannot meet his family's daily expenses when business slows down.

Now he is asking a second loan to renovate his bathroom that urgently needs it because it is very old and damaged. This loan will help him to improve the living conditions and environment for his family, keeping his family healthy.

He hopes to continue to work as a musical performer in the future as he loves his work and hopes to be able to provide a more secure and stable life for his family. Afrim really appreciates all of the Kiva lenders for this second support!

Previous Loan Details

Afrim is a married man with four children who lives in the Roma community. In this community, most of the people play musical instruments at weddings. Afrim has been in this business for more than 20 years. The summer is a popular time for people to get married, which generates much business for ... More from Afrim's previous loan »

Additional Information

More information about this loan

This loan will support the economic aspirations of minority people in Kosovo. Roma people and ethnic Serbians have historically faced a tremendous amount of hardship in Kosovo, and are still socioeconomically and politically vulnerable. During the 1998-1999 war, the fighting displaced 250,000 people. Among those displaced were an estimated 80-90% of the region’s Roma population. Today, Roma and ethnic Serbians living in Kosovo still face discrimination and are excluded from many aspects of society, including fair political representation and high rates of unemployment. By supporting this loan you are helping provide opportunity to marginalized populations.

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 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.

Tags

About Kosovo

  • $7,600
    Average annual income
  • 0
    View loans »
    Kosovo Loans Fundraising
  • $1,772,650
    Funds lent in using Kiva
  • 0.8
    Euro (EUR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,325 helped Afrim to renovate his bathroom.
98% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015
This photo was used before for a previous loan for Afrim. It was first posted on Kiva on Aug, 2012. Learn More