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Refik is 48 years old and wants to buy a dairy cow. This loan of 200,000 Albanian Lek will help him buy what he is looking for.

Refik is married and has three children, one of whom is still going to school. All of their family members have been living in south central Albania forever. Refik has been involved in agriculture for almost twenty years.

“Thank God that through this activity, I generate a little income to feed my family because otherwise it would have been difficult. I have some milk cows at the moment, but I want to buy one more now and add some more later on. The climate change at times causes damage to our plants, but not to our animals, so it’s good to focus more on the livestock,” Refik said.

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

  • $10,700
    Average annual income
  • 39
    View loans »
    Albania Loans Fundraising
  • $2,885,025
    Funds lent in using Kiva
  • 109.2
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,850 helped Refik to add another milk cow to the existing herd.
93% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 20, 2013
Jul 1, 2013
Currency Exchange Loss: