Update on SylejmanSylejman wants to thank all of the lenders for the loan he received to repair his taxi. Now he has been able to resume his business and income as well as continue to provide his customers with safe, reliable transportation and a comfortable ride. He is very grateful to be able to continue his business and also increase his sense of security and success. In this way, he knows he will see his dream come true for his family and his children’s education.
Sylejman is again requesting a loan for the same business and same purpose. Every year his vehicle needs repair in order to continue his business in a safe and reliable manner. He needs to change the tires and repair the engine now, and since he was very happy with the previous loan and the process, he is once again requesting assistance from the lenders. He wants to thank all of the lenders for both loans.
Previous Loan DetailsThe borrower, Sylejman, lives in Kosovo. He is a widower and has three children. He has been working as a taxi driver for more than four years. He will use this loan from KosInvest to repair his taxi. He hopes to increase his income after he repairs his vehicle. His dream is to better the l... More from Sylejman'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
- 26 months (Additional Information)
- Repayment Schedule
- May 14, 2014
- May 21, 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.