Check out other loans that are currently fundraising!
Qendrim

Update on Qendrim

Qendrim is very thankful to all Kiva lenders for supporting his business by giving him a loan so he could purchase wholesale chestnuts for his food stand. As a mobile food seller in his area, he sells ice-cream in the summer and chestnuts in the winter. He is very satisfied with the previous loan as he said he made a lot of profit last year selling chestnuts.

Qendrim is requesting a second loan for the same business and for the same purpose of buying chestnuts wholesale. The loan will again help him to continue his business as his future goal is to open a shop, expanding his business even more. He wants to thank all of the lenders for their support of his second loan!

Previous Loan Details

Qendrim is 27 years old and married. He lives in a southern part of Kosovo. For more than eleven years he has worked as a mobile food seller in his area. During the summer he sells ice cream and in the colder season he sells chestnuts. Qendrim is a very hardworking person. He starts work early in… More from Qendrim'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
  • $1,768,850
    Funds lent in using Kiva
  • 0.7
    Euro (EUR) = $1 USD
Expired
A loan of $2,025 helped Qendrim to buy chestnuts wholesale.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 5, 2013
This photo was used before for a previous loan for Qendrim. It was first posted on Kiva on Nov, 2012. Learn More