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Update on Vitore

Vitore is reapplying for a loan through Kiva to stock up on clothing inventory for the summer season.

The following is what Vitore said when interviewed by the loan officer. "I just wanted to thank every lender who supported me and has supported others. I deeply appreciate their kindness that lifts our spirits and encourages us to continue our journey, and nothing changes that. This is what I experienced myself. Thank you all again for your kind gestures."

Previous Loan Details

Vitore is in her mid-fifties. She is married and has three children whose ages range from 21 to 9 years old. Her oldest child goes to university and the others attend primary and secondary school. Vitore's husband has been paralyzed for a long time and she has been the only financial provider fo... More from Vitore'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

  • $10,700
    Average annual income
  • 23
    View loans »
    Albania Loans Fundraising
  • $2,741,225
    Funds lent in using Kiva
  • 109.0
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Vitore to buy clothing inventory for the summer season.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 29, 2013
May 19, 2013
Currency Exchange Loss:
Aug 17, 2014
This photo was used before for a previous loan for Vitore. It was first posted on Kiva on Jul, 2012. Learn More