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Mrika
Mrika has just invested in a store in a neighborhood of a city in northwestern part of the country. Her intention was from the very beginning to sell used shoes and the loan she is requesting at the moment will be used for this purpose. In the past, she had requested a loan from different institutions that operate in the country, but she was unsuccessful until recently when she came to VFA. It was there that she was told that despite the fact that she was not eligible for regular loans, she was eligible for startup loans through Kiva, and she literally was ecstatic.

Mrika is fifty one years old and has three children, who are still in school.

Additional Information

More information about this loan

This loan is part of VisionFund Albania's new startup loan program to help entrepreneurs with limited financial possibilities to start up a new business or restart a business that was closed due to lack of working capital.

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
  • 37
    View loans »
    Albania Loans Fundraising
  • $2,421,000
    Funds lent in using Kiva
  • 107.7
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,800 helped Mrika to buy used shoes to resell.
62% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible