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A loan of 150,000 Albanian Lek from the integrated projects will help Elmas to purchase a dairy cow. He is very appreciative of the opportunity he has been given and he wants to deliver thanks to WVA, VFA and Kiva lenders.

Elmas lives in southern Albania. He is forty-nine years old and married with five children who all attend school. Livestock and dairy have been their main sources of income for the past six years and he says that despite some setbacks, the progress has been fine. Since the results have proved to be positive, he plans on expanding this activity.

Kindly note that he has been selling some agricultural fresh produce such as veggies and grains at the local market as well.

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
  • 23
    View loans »
    Albania Loans Fundraising
  • $2,741,225
    Funds lent in using Kiva
  • 107.5
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,400 helped Elmas to buy a dairy cow.
93% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Mar 29, 2013
May 1, 2013
Currency Exchange Loss: