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 $1,834,075 $778,839,600
Amount of raised Inactive loans $0 $238,450
Number of raised Inactive loans 0 136
Amount of Paying Back Loans $517,375 $133,474,900
Number of Paying Back Loans 354 157,471
Amount of Ended Loans $1,316,700 $645,126,250
Number of Ended Loans 921 798,525
Delinquency Rate 2.19% 8.84%
Amount in Arrears $7,034 $7,831,131
Outstanding Portfolio $320,666 $88,554,959
Number of Loans Delinquent 35 30,244
Default Rate 1.91% 1.27%
Amount of Ended Loans Defaulted $25,099 $8,169,177
Amount of Ended Loans $1,316,700 $645,126,250
Number of Ended Loans Defaulted 46 21,940
Currency Exchange Loss Rate 1.99% 0.37%
Amount of Currency Exchange Loss $36,407 $2,861,801
Refund Rate 0.27% 0.66%
Amount of Refunded Loans $4,900 $5,133,525
Number of Refunded Loans 3 5,569

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 49.61% 74.54%
Average Loan Size $1,439 $413
Average Individual Loan Size $1,439 $648
Average Group Loan Size $0 $1,841
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $7,600 $5,946
Average Loan Size / GDP per capita (PPP) 18.93% 6.95%
Average Time to Fund a Loan 10.85 days 6.73 days
Average Dollars Raised Per Day Per Loan $132.63 $61.46
  Average Loan Term 18.82 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 744 381,808
  Journaling Rate 73.01% 40.81%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.45

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 26% PY 21.00% PY 29.09% PY
  Profitability (return on assets) -16.2% -0.4% -1.41%
  Average Loan Size (% of per capita income) 47.80% 46.00% 19.25%

Country Fast Facts

Field Partner Staff

Zana Nici
Shpresa Qorri
Fatma Rastelica
Arta Spahija
Njomeza Tasha
Natyra Zuna