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Petrit
Petrit is requesting a loan of 250,000 Albanian Lek in order to invest in dairy cows. These cows will be an addition to his existing herd of the same animals.

Petrit is a villager living in the vicinity of a main city in southeastern Albania. The village under the communist era was considered a picturesque place to visit; it had a river running through the village, with some centuries-old oak trees. Then, with the changes of the leadership styles and the rapid modernization, many objects that once were considered special turned into almost nothing until some sort of stabilization kicked in the recent years and those very same objects started to be maintained again by the government or local agencies.

Petrit is 41, married, and has two children.

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
  • 17
    View loans »
    Albania Loans Fundraising
  • $2,623,200
    Funds lent in using Kiva
  • 106.2
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,375 helped Petrit to buy a milk cow and fodder for his animals.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 1, 2013
Currency Exchange Loss:
Possible