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Milan
Milan is 56 years old and married with two children. He is working on the railway while his wife stays at home to care for the house and their children. They live in a minority community where the unemployment rate is very high, so although Milan is lucky to have a salary from working, they are still very poor and there is not enough to meet their daily needs and be able to save money for other necessities that arise.

This is the case with his home which his very old and in desperate need of renovations that he has never been able to complete. Now he is requesting a loan to do the general renovations including the flooring and replacing the windows and doors. He is very happy to have the opportunity to be able to improve the living conditions and overall wellbeing of his family. He promises to pay on time.

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
  • 0
    View loans »
    Kosovo Loans Fundraising
  • $1,772,650
    Funds lent in using Kiva
  • 0.7
    Euro (EUR) = $1 USD
Expired
A loan of $2,075 helped Milan to do general renovations including the flooring and replacing the windows and doors.
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Expired:
Mar 26, 2014