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Gjergj
Gjergj is 49 years old and has four children; three from his previous marriage and one from the second. His first wife passed away in a tragic accident, leaving the children at a very young age, without motherly support. They live in northeastern Albania in a rural village.

This is the second loan for Gjergj from the same institution with the previous one being paid off. This time, he is requesting a loan to buy a milk cow to feed his family and sell as well. He plans on adding more dairy cows in the near future, because he wants to build a livestock business. He has realized that selling dairy products and baby animals can be profitable, especially in the northern part of the country where dairy and bread are considered staple food items for all of the population.

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.

About Albania

  • $7,800
    Average annual income
  • 25
    View loans »
    Albania Loans Fundraising
  • $2,270,000
    Funds lent in using Kiva
  • 106.0
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Gjergj to buy a milk cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014