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Update on Eduart

Eduart purchased his motorcycle with the previous loan, and he is very thankful to lenders for this. All these past months, the profit generated from the sale of dairy has increased with the use of the new motorcycle. Taking dairy and other products to the local market has now became easier for him.

With this new loan, he is looking to purchase inventory items for his small grocery store.

Previous Loan Details

Eduart is 34 years old and married, with two children; five and three years old. The family lives in the central eastern part of Albania. Eduart is known by others for being a hard-worker and a responsible man. For the past eight years, Eduart has owned his dairy farm. He sells milk and dair... More from Eduart's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Albania

  • $10,700
    Average annual income
  • 27
    View loans »
    Albania Loans Fundraising
  • $2,737,725
    Funds lent in using Kiva
  • 109.6
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Eduart to stock up on inventory items for his small grocery store in his village.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 1, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Eduart. It was first posted on Kiva on Jul, 2012. Learn More