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Mark
Mark a 62-year-old widowed man with six children, is from northern Albania.

In March 1997, his wife and his oldest child died when the ship they were in sank in a collision with the Italian naval vessel Sibilia. This was called the tragedy of Ontranto. Their dead bodies were never found. For a long time, Mark grieved yet he had to raise all the children on his own, including very young children and a little a baby. According to him, he found all the strength from prayers.

In an attempt to feed his children and cover their expenses, Mark started running a business of livestock, buying and raising goats and cows and selling dairy products.

Mark is now requesting a loan to build a stable for the animals before winter, and he stresses on the urgency of it. He thanks all the parties for helping him out: the World Vision Albania, VisionFund Albania and Kiva with its lenders.

Additional Information

More information about this loan

This loan is part of VisionFund Albania's value chain project designed to address the needs of extremely poor clients. The project has selected 90 clients from Area Development Projects and local economic empowerment projects run by WorldVision Albania (WVA) to serve the very poor. It will focus on livestock and agriculture financing, technical assistance, entrepreneurial skills training and expanding market access for clients' products. Importantly, interest rate payments will be covered by WVA. By supporting this loan, you are providing opportunity to some of the poorest people in rural Albania who have little to no access to credit, even through basic microfinance institutions.

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

  • $10,700
    Average annual income
  • 27
    View loans »
    Albania Loans Fundraising
  • $2,671,075
    Funds lent in using Kiva
  • 107.6
    Albania Leke (ALL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,800 helped Mark to build a stable for cows and goats.
98% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 24, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2015