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Fran
Fran is 39 years old and has three children; twelve, seven and five years old with two of them attending school. Fran and his family live in northeast Albania, in a little community.

While he has been selling low-priced clothing for the past eighteen years in his community, he has also been selling in the neighboring villages by transporting those items with his own vehicle. “Sales of such items go smoothly here, because people are very poor and cannot afford buying better ones,” Fran said.

Recently, the vehicle that he uses for transportating his clothing broke down, and he needs to repair it. As the only financial provider for his family, he said that “it is impossible” to save this much money. Thus, Fran is applying for a loan through Kiva to repair the vehicle.

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

  • $10,700
    Average annual income
  • 24
    View loans »
    Albania Loans Fundraising
  • $2,678,350
    Funds lent in using Kiva
  • 105.0
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Fran to repair the transportation vehicle that he uses for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014