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Mimoza
Mimoza, with her husband and four young children, lives in a rural village of southern Albania. People in this village and other villages around have been living under extreme poverty throughout these past twenty two years after the collapse of the communist regime. And for unknown reasons, efforts from international development agencies have been limited in the areas as well.
Mimoza has been in the livestock business for the past five years, yet the earnings from this haven’t been that great because she only has two cows. Now that one of her neighbors is going to live abroad, they are selling their animals, and Mimoza wants to buy a dairy cow from them at a lower price. increase the milk produce and eventually the earnings.
Mimoza is photographed here with two of her sons.

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

  • $10,700
    Average annual income
  • 21
    View loans »
    Albania Loans Fundraising
  • $2,669,850
    Funds lent in using Kiva
  • 108.8
    Albania Leke (ALL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,575 helped Mimoza to buy a milk cow from her neighbours.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015