Update on JetonJeton wants to thank all of the lenders for the loan, which he has used buy a milk cow and to build a new stable in hopes of increasing the dairy production and the earnings from selling dairy products to the locals. The loan has helped him to reduce the family’s cost of living by being able to use the products for personal consumption, as well as increase the family’s monthly income.
Now he is asking for a second loan so that he can install a water system in the stable and purchase guano.
Until now, Jeton has had to bring water inside the stable for his cow, which took a lot of time and was often a difficult and tiring process. By having a water system in the stable, he will be able to save a lot of time and energy and therefore be able to focus on the actual milking and selling of the products, as well as continue to focus on selling the coal in his community for heating.
With the added time he will save, Jeton has been hoping to start planting corn and wheat to sell as well, increasing his income even more.
His goal is to give his children a better education. He wants to thank all of the lenders again.
Previous Loan DetailsJeton is thirty-three years old and married. He has two children, ages two and four years old. They all live in a village not far from a major city. Many families here have taken micro-loans from KosInvest to start up businesses or improve their living conditions, Jeton being one of them. Jet... More from Jeton'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
- 14 months (Additional Information)
- Repayment Schedule
- Apr 11, 2014
- Apr 24, 2014
- 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.