Update on ZinetaZineta is 45 years old and is, again, very thankful to all Kiva lenders for the loan. With the previous loan, she was able to renovate the toilette. “I would not be able to afford to do this with only my family income, and its necessary for the children's overall health,” explained Zineta.
Zineta’s first loan was to improve her family's living conditions by with renovating the toilet. Now, she is in need of a second loan in order to buy the materials for her handicraft work. Zineta sometimes works and sells handicrafts when she has an opportunity to, and for this reason she is requesting a loan in order to buy the materials for her work.
The loan will help her generate more income for her family. Her future plans are to expand her business and have her own shop for making and selling her handicraft items. She appreciates the second loan, and wants to thank all of the lenders.
Previous Loan DetailsZineta is 44 years old and comes from the vulnerable ethnic minority community. She is married and has four children, ranging from 11 to 18 years old, all of whom are in school. Zineta’s husband is employed as a construction worker. Many people from these minority communities in Kosovo, such ... More from Zineta'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
- 32 months (Additional Information)
- Repayment Schedule
- Sep 25, 2013
- Oct 16, 2013
- Currency Exchange Loss:
- Nov 20, 2013
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.