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Luigj

Update on Luigj

Luigj is applying for another loan, a larger one this time to build a stable for his animals.

With his previous loan, he was able to buy chickens. "This business has been going very well. My son and my wife have been the ones who really put efforts at it, while I was striving to have something going on with my little construction activity," Luigj said.

"I wanted to thank all the Kiva lenders who gave me and my family the opportunity to start up a business, and this is not little for us. :) Thanks again to everyone," Luigj ended.

Previous Loan Details

Luigj is a Romani man from the Albanian Roma ethnic community. He is married with two children, 26 and 20 years of age. It’s his first time applying for a loan through VisionFund Albania. Luigj has had his business in construction and also in collecting scrap metal and plastic for resale. He… More from Luigj's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Albania

  • $7,800
    Average annual income
  • 25
    View loans »
    Albania Loans Fundraising
  • $2,236,650
    Funds lent in using Kiva
  • 109.0
    Albania Leke (ALL) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,300 helped Luigj to build a stable for the animals.
59% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Luigj. It was first posted on Kiva on May, 2012. Learn More