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Spartak
Spartak, a thirty-four-year old talented and a hard-worker Egyptian man, has been active in making pastries, cheese & spinach pies for one year in his outskirts Egyptian community in eastern Albania where he lives with his parents and all the siblings. He’s been busy all this past year and is very happy with the business progress and the income he’s been generating so far.

Spartak has requested a loan of 100,000 ALL (Albanian Leke) from VisionFund Albania to help him renovate the front entrance of his little pastry shop. He says he wants to save his income to build a decent restaurant for his family and to get married soon.

Being aware that this loan and Spartak’s information will be published on Kiva for financial support from lenders, he wants to thanks people in advance for their kindness.

Additional Information

More information about this loan

Roma and Egyptian populations living in Albania are considered vulnerable from a socioeconomic perspective and this loan would be used to support them.

About VisionFund Albania

VisionFund Albania is a micro-finance subsidiary of child hunger nonprofit World Vision International. Striving to improve child welfare, the organization offers a variety of loan products designed for rural, traditionally underserved clients and their families. These products include agriculture, business and household improvement loans, as well as "integration loans" targeted to help the poorest, most vulnerable Albanian households acquire value chain resources.

While VFA is focused on the empowerment of the poor overall, it pays special attention to women. About 60% of loans to entrepreneurs on Kiva go to women.

About Albania

  • $7,800
    Average annual income
  • 20
    View loans »
    Albania Loans Fundraising
  • $2,336,800
    Funds lent in using Kiva
  • 106.9
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Spartak to renovate the front entrance of a little pastry shop.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Sep 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014