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Eriada
Eriada is a 22-year-old, responsible, young woman. She lives in a main city in southeastern Albania. She has finished the hairdressing professional school and can’t wait to start practicing the skills she gained.

“Maybe I got married very young -- eighteen years old -- and become a mother soon afterwards, but it is okay. No regrets so far. My husband is very mature for his age, and supportive as well, and this is the most important, for the moment. I am opening up a hair salon where there are no others in the neighborhood, and this will help me thrive. The place is mine, so I don’t have to pay for rent, but I need money now to bring in equipment, and this is why I’m applying for this loan. I hope lenders will be able to help me financially, and of course I will pay their monies back -- no other way,” Eriada said, smiling.

Eriada needs to buy some equipment for her hair salon. She was photographed at the salon space, which was empty at the time.

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
  • 28
    View loans »
    Albania Loans Fundraising
  • $2,517,025
    Funds lent in using Kiva
  • 107.3
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Eriada to buy some equipment for her new hair salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Jul 23, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014