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Hava

Update on Hava

Thanks to Kiva lenders, Hava made renovations to her bakery. The business has been going well according to her. The bakery appearance is much better, and the inside looks cleaner. Now, she would like your help again to buy large quantities of flour (wheat,corn and rye).

Previous Loan Details

Hava is fifty five years old and married with three children who attend universities. For the past two years or so, she has been operating a bakery where she makes everything from scratch and sells different breads; from rye to corn to whole wheat etc. The business has been going well and... More from Hava'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
  • 13
    View loans »
    Albania Loans Fundraising
  • $2,616,625
    Funds lent in using Kiva
  • 109.1
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Hava to buy large quantities of flour.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Hava. It was first posted on Kiva on Jul, 2012. Learn More