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Sefer

Update on Sefer

Sefer wants to thank all Kiva lenders for the previous loan, which has helped him to buy the necessary materials to complete orders that customers have for his shoe repair workshop. With the previous loan, he had the opportunity to increase his business’ profit and has been very satisfied with the manner in which his business has expanded and grown, improving his family's quality of life.

Now he is requesting a second loan for the same business in order to purchase a new work table, working stock and other materials.

He plans to continue his business in the future, as his goal is to provide a secure life for his family. Sefer again would like to thank all of the Kiva lenders for their second support!

Previous Loan Details

The borrower, Sefer, is a 45-year-old married man with two school-age children. He lives in a city in which the population is very large. This is an advantage to Sefer because his main source of income is generated from his workshop where he fixes shoes. Sefer is a very hardworking person with... More from Sefer's previous loan »

Additional Information

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.

Tags

About Kosovo

  • $6,500
    Average annual income
  • 0
    View loans »
    Kosovo Loans Fundraising
  • $1,772,650
    Funds lent in using Kiva
  • 0.7
    Euro (EUR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,675 helped Sefer to purchase a new work table, working stock and other materials.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015
This photo was used before for a previous loan for Sefer. It was first posted on Kiva on Aug, 2012. Learn More