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Update on Nermin

Nermin wants to thank all of the lenders for the previous loan, which she used to purchase materials for her handicraft business. With the materials she was able to maintain her business and increase the products she was able to sell to her clients and generate more income.

She really enjoys her work and loves that she is able to earn an income from this type of work. Now she is requesting another loan for her handicraft business so that she can again purchase additional and different materials. Her goal is to continue to expand her business in the future and once again she promises to pay the loan back on time.

Previous Loan Details

Nermin is 39 years old, married and has two children, ages 11 and 14 years old. She is living in the southern part of Kosovo; the city she lives in is known for handicrafts and trading. For the last 10 years, while her husband works hard in construction in order to earn a living, she has been mak... More from Nermin'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.

About Kosovo

  • $7,600
    Average annual income
  • 5
    View loans »
    Kosovo Loans Fundraising
  • $1,851,275
    Funds lent in using Kiva
  • 0.7
    Euro (EUR) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Nermin to purchase additional and different materials for her handicraft business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 15, 2014
Apr 10, 2014
Currency Exchange Loss:
May 17, 2014
This photo was used before for a previous loan for Nermin. It was first posted on Kiva on Nov, 2013. Learn More