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Vasilika
Vasilika is requesting a loan for Arben, her husband, who is shown in this photograph with her. The loan that they request is an amount of 200,000 Albanian Lek. They will use it to buy iron metal sheets for his welding business. This will be their fifth loan from the same institution, with the previous ones being paid off.

For the past 10 years, he has been practicing welding skills in the surrounding villages and has been generating a good income. Comments from people in their village: “He is very artistic and the railings he makes are so beautiful." "He is a very good person to deal with.”

Vasilika and Arben appreciate very much what lenders at Kiva do for people in need around the world.

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.

About Albania

  • $7,800
    Average annual income
  • 25
    View loans »
    Albania Loans Fundraising
  • $2,270,000
    Funds lent in using Kiva
  • 109.2
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Vasilika to buy iron metal sheets for her husband's welding business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015