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Milutin
Milutin is 46 years old and married with two children. He is living in one of the minority communities in Kosovo with his wife and their children, who are 14 and 18 years old; both children are attending school. Based on tradition, he has been working in a locksmith shop, which he started working at when he was very young. He recognized that this type of business is profitable, and has been staying in the field all of these years. He serves all of the people in the community regardless of ethnicity or nationality.

Because he has been working for a long time, his tools have become old, broken and outdated, so he is requesting a loan to purchase new tools for his work. The loan will help him to increase his income as the new tools will help him to be more efficient and effective, and he is hoping in the near future to expand his business so that he can add more income and offer his children a better education. He appreciates this help and wants to thank all of the 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 Kosovo

  • $6,500
    Average annual income
  • 0
    View loans »
    Kosovo Loans Fundraising
  • $1,772,650
    Funds lent in using Kiva
  • 0.7
    Euro (EUR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,075 helped Milutin to purchase new tools for his locksmith work.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
Possible