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Xhimi is a 27-years-old single man who lives in a village and has been classified as someone living under the extreme poverty according to World Vision Measurement poverty tools.

Xhimi had nothing to serve as collateral for a small loan from microfinance institutions. He plants veggies and has two cows and sells fresh produce from both activities, but that’s not enough for collateral because he still lives with his family; parents and siblings as is normal in his culture. It makes sense for those in the village though to live together, because they run activities together.

With this loan, Xhimi wants to add milk cows to can increase the production and sales of raw milk.

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
  • 35
    View loans »
    Albania Loans Fundraising
  • $2,885,025
    Funds lent in using Kiva
  • 107.3
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,350 helped Xhimi to add milk cows.
86% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jul 4, 2013
Jul 24, 2013
Currency Exchange Loss: