Check out some available loans that are similar to this one!
Albert
Albert lives in Southern Albania where he has been practicing livestock activity since 2010. He bought a dairy cow then to begin, and now he wants to expand his business by investing in one more milk cow of the same breed as the ones he already has. To achieve this, he needs a loan and hopes that Kiva lenders will assist him financially.
In the region where Albert resides, some of the villagers practice livestock as the only source of income, and others run small agricultural businesses. Their region suffers from flooding, which makes the second activity a bit risky.
Albert is married and has seven children; six of them attend school. The oldest is twenty-five years old, and the youngest is three.

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
  • 35
    View loans »
    Albania Loans Fundraising
  • $2,421,000
    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 $1,875 helped Albert to buy a milk cow.
79% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Possible