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Hasan

Update on Hasan

Hasan, this extremely poor Egyptian Albanian married man and father of a little boy, needs your help again to stock up on second-hand clothing to resell. The so-called "house" in the background of the photograph is their family house and the little boy standing at the door in the dark, is Hasan's only son.
Hasan's photo could not be taken at his little activity, because unfortunately he does not have any inventory at this time.

Previous Loan Details

Loans from VisionFund Albania to the Roma/Egyptian vulnerable ethnic minority community in Albania have helped to improve their lives and businesses. Amongst the people who have benefited from VFA are Hasan, Irma, and their little son, who are photographed here. Hasan is 50 years old and Irma... More from Hasan's previous loan »

Additional Information

More information about this loan

Roma and Egyptian populations living in Albania are considered vulnerable from a socioeconomic perspective and this loan would be used to support them.

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Albania

  • $7,800
    Average annual income
  • 28
    View loans »
    Albania Loans Fundraising
  • $2,504,925
    Funds lent in using Kiva
  • 105.0
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Hasan to purchase thrifty clothes to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014