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Rasim
Rasim is fifty one years old and married with five children; the oldest is 19 and the youngest are four-year-old twins. They live in northeastern Albania and their main activity and source of income for the past eighteen something years has been livestock and poultry. They have been selling milk, baby calves, chicken and eggs; all organic.

“We have been experiencing a growth in our business and we are happy. That tells us something; there is a strong demand for our products due to our good services. Yet we work very hard both, and for my wife having to look after all the kids and also animals, it hasn’t been easy at all,” Rasim said.

Rasim is now requesting a loan for the first time to build a proper stable.

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

  • $7,800
    Average annual income
  • 28
    View loans »
    Albania Loans Fundraising
  • $2,504,925
    Funds lent in using Kiva
  • 103.8
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,900 helped Rasim to build a stable for his animals.
85% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible