Update on HisniHisni wants to thank all Kiva lenders for the loan, which helped him to improve his family's living standards. The previous loan was used for changing windows and doors of his house in order to not feel the cold during the winter.
Hisni is very satisfied that he managed to improve the living conditions of his family. He now is requesting a second loan for his business to buy a machine for woodcutting. Until now, he worked as a wood cutter with a low salary and now he is planning to work on his own. The loan will help him to generate more income for his family. He hopes in the future to expand his business.
His goal is to provide a secure life for his family. Hisni wants to thank again Kiva lenders for their second support!
Previous Loan DetailsHisni is living in the Ashkali community in Kosovo. He is married and has five children. The oldest is 19 years old and the youngest is four years old. Hisni makes a living working as a woodcutter in his area. His wife spends most of her time at home as a housewife. This wonderful and loving ... More from Hisni's previous loan »
More information about this loan
This loan will support the economic aspirations of minority people in Kosovo. Roma people and ethnic Serbians have historically faced a tremendous amount of hardship in Kosovo, and are still socioeconomically and politically vulnerable. During the 1998-1999 war, the fighting displaced 250,000 people. Among those displaced were an estimated 80-90% of the region’s Roma population. Today, Roma and ethnic Serbians living in Kosovo still face discrimination and are excluded from many aspects of society, including fair political representation and high rates of unemployment. By supporting this loan you are helping provide opportunity to marginalized populations.
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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Success!! The loan was 100% repaid
- Repayment Term
- 30 months (Additional Information)
- Repayment Schedule
- Apr 26, 2013
- May 23, 2013
- Currency Exchange Loss:
- Jun 21, 2015
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.