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Lumturi
Lumturi is a 49-year-old single woman living in a little town in northern Albania. For the last four years, she operated a profitable bar-restaurant, but because there was no banquet hall to accommodate people's social events, she decided to convert her restaurant into a hall.



Having just finished her renovations, Lumturi is now requesting a loan to stock up on inventory items. Her previous loan fully repaid, this will be her second loan with VisonFund Albania.

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
  • 16
    View loans »
    Albania Loans Fundraising
  • $2,616,625
    Funds lent in using Kiva
  • 106.1
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,900 helped Lumturi to stock up on inventory items for her newly-renovated banquet hall.
90% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible