COUNTRY
Kosovo
Nikica RADOVANOVIC
GNI PER CAPITA
USD 14,858 – 2021
(World Bank)
INSTITUTION
AFK
KEY INDICATOR
51% – loans to microenterprises providing services
Activity
Mechanic
Microcredit
5,000 EUR
Project
Business Development
Project
Testimony
Nikica Radovanovic, 41 years old, married with two children. He opened his car service shop two and a half years ago in Podgorica. Before he was doing repair work in his own family house, he learnt by doing with no special training. Nikica has 2 employees and they are working 12 to 14 hours a day, 6 days per week.
To open his shop, Nikica benefited from Montecredit a €5,000 loan with 18 months duration. He is asking for a new €2000-€3000 loan to build a warehouse next two his shop to be able to store clients’ tires, as they change winter to summer tires once a year.
