COUNTRY
Montenegro
Milovan Lakoceviç
GNI PER CAPITA
USD 9,340 – 2021 (World Bank)
INSTITUTION
MONTECREDIT
KEY INDICATOR
52% – portfolio to business (new and existing)
Activity
Carpenter
Microcredit
5,000 EUR
Project
Buy new equipments
Testimony
Milovan Lakoceviç, married, two sons and a daughter. He has been a carpenter for over 30 years. Milovan currently employs more than 17 people, which is one of the most satisfying things for him, because they can learn from each other. Unfortunately, this kind of business has not always been easy. After learning how to do this kind of job, some of his employees decided to start their own business. He had to stop his activity and started to develop his cow breeding farm. Today, Milovan has returned to his carpentry business and is looking to hire motivated people on a long-term basis.
Milovan has been using MonteCredit’s financial services for 15 years and has received seven or eight loans from them. His last loan was for €5,000 and he used it to buy new machinery to expand his carpentry business.
