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Jak
Jak is fifty-four and married and has three school-aged children; they live in a little town in the northeast part of the country where he operates his appliance repair & servicing, particularly refrigerators and washing machines, from a tiny shop.

Jak has been the only one offering such services for his community for fifteen years, and he claims that he has earned a good income from it. Even though he has been the only one to make an income for his family, thanks to this job, Jak has been able to provide more than the basics for his family.

He now wants to build appliances from used parts and sell them and to do this; he needs to buy those parts. This is the reason why he is requesting this loan of 150,000 Albanian Lek.

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
  • 105.6
    Albania Leke (ALL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Jak to buy used parts to build appliances and sell them afterwards.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015