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Milovan
Milovan is a married 34-year-old male. He is the father of two children and he and his family live in a minority community. His wife is a housewife and he works at a water company. Currently, they live in a house that is in need of renovation. Due to the high cost of electricity, they want to façade their house in order to save costs on heating in the winter.

Milovan is therefore requesting a loan in order to pay to façade his house. This loan will help improve their living conditions and he hopes by doing this they will be able to save some of the money from his salary to ensure financial security. Milovan is very happy for this opportunity and he thanks all Kiva lenders!

Additional Information

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 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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Kosovo

  • $6,500
    Average annual income
  • 5
    View loans »
    Kosovo Loans Fundraising
  • $1,751,325
    Funds lent in using Kiva
  • 0.8
    Euro (EUR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,000 helped Milovan to pay to façade his house to save heating costs.
99% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015