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Additional Information

About Yunus Social Business (YSB)

Co-founded by Nobel Prize laureate Muhammad Yunus, Yunus Social Business (YSB) , is the international implementation arm for social business, headquartered in Frankfurt, Germany. Its primary activity is to initiate and manage Social Business Incubator Funds that create livelihoods and employment opportunities in vulnerable and underserved communities by supporting market-orientated and self-sustainable social businesses that are designed to address a pressing social need.

YSB is raising funds for its social businesses on Kiva. Because large amounts of credit are required, some social business loans will be raised only partially on Kiva, with the rest of the money coming from other investors in YSB.

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About Albania

  • $7,800
    Average annual income
  • 15
    View loans »
    Albania Loans Fundraising
  • $2,581,800
    Funds lent in using Kiva
  • 0.8
    Euro (EUR) = $1 USD
Ended with Loss - Defaulted
A loan of $23,950 helped this borrower to finance a social business that will help 120 poor, rural Albanian women earn a livelihood from making beautiful traditional Albanian handicrafts, and distribute these to the European and international markets.
Repayment Term
85 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 14, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Defaulted:
Feb 12, 2015