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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
  • 29
    View loans »
    Albania Loans Fundraising
  • $2,506,475
    Funds lent in using Kiva
  • 106.4
    Albania Leke (ALL) = $1 USD
Ended with Loss - Defaulted
A loan of $1,425 helped this borrower to buy neccessary equipment for his new auto-service shop.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Possible
Defaulted:
Feb 11, 2015