This month's KIVA loan goes to Zade, a sixty-one-year-old widow from the Roma community of Ashkali Kosovo. She lives with her five adult children and her grandchildren in a small old house that was badly in need of renovation and repairs. The family's main source of income was from the sons and grandson who do menial work for very low wages.
Roma people and ethnic Serbians have face a tremendous amount of hardship in Kosovo, and are still socioeconomically and politically vulnerable. During the 1998-1999 war, the fighting displaced 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 political representation and access to meaningful work which pays a living wage.
The country is one of the poorest in Europe and many live in abject poverty, with 13% living on less than $1 a day, according to World Vision. In addition to being a post-conflict area, Kosovo has the lowest per capita income in Europe, averaging about $3,000 annually. KosInvest also sets itself apart by serving all ethnicities in Kosovo – working with Albanians, Serbs in the north and Roma populations.
Zade's house had little insulation and lost much heat in the winter. Every winter it cost a lot of money to buy coal to keep the house warm. Zade’s family could not afford to keep the house warm, so they suffered always from the cold and often were sick in the winter due to the lack of heat.
Zade's first loan was used to repair and insulate her house. The improvements to her house have made it possible for her family to live a more comfortable and healthy life. Zade is very grateful to the KIVA lenders for their support. The loan that she was given was used to repair and renovate her home made her very happy. She was satisfied with the loan process and with the results.
Since the home has been repaired she has started a handiwork business from her home. Now, she is again asking for a loan, but this time it’s for her business, to enable her to buy fabrics to produce her beautiful lace table clothes and other linens for the home.
She would like to be able to purchase material to provide better products and more variety to her clients. She hopes that she will be able to hire an employee and expand her business even further. She really appreciates this help and wants to thank all of the lenders for their continued support in helping her to generate income.
The KIVA field partner 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.
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.
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.
It's rewarding to know you can reach out and in a small way help ease another's burden. After what the Roma went through in Kosovo, and how they are treated so unkindly by the world at large, a kindness now and again wouldn't go amiss. May you be blessed Zade.
As you celebrate Christmas, remember those Christ urged us not to forget. Among the toys, fancy gadgets and gifts that will hit the closet and never see the light of day again, find it in your heart to donate $25 to your local food bank (Canada) (USA), the World Food Programme Zero Child Hunger in 2015, or KIVA.
As you celebrate Christmas, remember those Christ urged us not to forget. Among the toys, fancy gadgets and gifts that will hit the closet and never see the light of day again, find it in your heart to donate $25 to your local food bank (Canada) (USA), the World Food Programme Zero Child Hunger in 2015, or KIVA.
And lastly, giving is a gift you give yourself. Research is now confirming that those who donate their time and material wealth to others are healthier and happier. "It is one of the beautiful compensations of life," said Ralph Waldo Emerson, "that no man can sincerely help another without helping himself." Although philanthropy usually goes hand-in-hand with altruism, new evidence indicates that the giving of one's time or treasure makes the world a better place for both giver and recipient.
Merry Christmas!
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