Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status update - November 12, 2015:

Kiva recently re-assessed the level of risk associated with loans from this Field Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff and analyzed the Field Partner’s loan products. As a result, KosInvest's risk rating is now listed as 1.5 stars instead of 3.0 stars. The primary reasons for this change in rating are an increasingly competitive market in Kosovo and governance changes at the organization.

Partner Description:

KosInvest started its operations in Kosovo in October 2001 as a micro-enterprise development division of World Vision, and has been a separate entity since January 2007.

In Kosovo, 30% of the country lives below the national poverty line, according to the World Bank, with 13% living on less than $1 a day, according to World Vision. The country is one of the poorest in Europe, with a per capita GDP of $3800.

KosInvest operates exclusively in rural areas in Kosovo, where two-thirds of the nation’s poor live. Through inclusive financial services, KosInvest aims to help marginalized and economically active poor families generate more income and improve their living conditions. KosInvest works in ethnically divided areas and expressly focuses on strengthening ties across these communities by promoting shared economic interests and building business relationships. 

As of December 2013, KosInvest had disbursed more than US $30 million in loans. Since it started providing loans, KosInvest has helped create over 7,000 new jobs.

KosInvest offers a wide range of loans, including loans for vulnerable populations, agriculture, and women-headed households. In 2014, KosInvest began offering a new livestock loan product that allows farmers to receive livestock or machinery directly, rather than receiving the loan amount in cash. This loan product is the first of its kind in Kosovo.

In 2011, KosInvest won the Social Performance Reporting Award in the Silver Category from the Microfinance Information Exchange (MIX). The organization is member of MIX, the Association of Microfinance Institutions in Kosovo (AMIK), and the Microfinance Centre, a regional microfinance network.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 14, 2012 Oct 12, 2005
Total Loans $3,048,575 $1,342,243,800
Amount of raised Inactive loans $0 $1,129,300
Number of raised Inactive loans 0 1,461
Amount of Paying Back Loans $284,825 $147,423,550
Number of Paying Back Loans 207 194,726
Amount of Ended Loans $2,763,750 $1,193,690,950
Number of Ended Loans 2,060 1,537,959
Delinquency Rate 0.72% 10.51%
Amount in Arrears $1,173 $9,735,701
Outstanding Portfolio $140,470 $92,639,883
Number of Loans Delinquent 21 57,667
Default Rate 1.46% 1.76%
Amount of Ended Loans Defaulted $40,464 $21,037,796
Number of Ended Loans Defaulted 74 51,424
Currency Exchange Loss Rate 1.34% 0.39%
Amount of Currency Exchange Loss $40,946 $5,195,382
Refund Rate 0.28% 0.59%
Amount of Refunded Loans $8,625 $7,939,025
Number of Refunded Loans 6 7,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 47.40% 76.42%
Average Loan Size $1,345 $394
Average Individual Loan Size $1,345 $609
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $7,600 $5,773
Average Loan Size / GDP per capita (PPP) 17.70% 6.82%
Average Time to Fund a Loan 12.96 days 7.13 days
Average Dollars Raised Per Day Per Loan $103.76 $55.26
  Average Loan Term 19.67 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,120 796,440
  Journaling Rate 47.99% 43.15%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 21.00% PY 25.24% PY
  Profitability (return on assets) 0.97% -0.4% -1.43%
  Average Loan Size (% of per capita income) 47.80% 46.00% 12.96%

Country Fast Facts

Field Partner Staff

Lendita Kryeziu
Zana Nici
Ardi Parduzi
alice reeves
Arta Spahija
Njomeza Tasha
Vigan Ukshni
Natyra Zuna