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Rake
This will be Rake’s first loan. Due to the level of poverty that she has been in for a long time, she was not eligible for any loans up to now. “Now I can, thanks to lenders” is what Rake said smiling.
Rake is someone whose roots are the mountains of the very northern part of the country. In Albanian these people are called “malesore.” She is a mother of four children and wants to buy a dairy cow. “Where we live, the milk from any animal is delicious because of the wild grass the animals are fed,” said Rake.
Rake wants to buy a dairy cow and the amount she is requesting from Kiva lenders is 150,000 Albanian Lek (ALL).

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
  • 105.2
    Albania Leke (ALL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Rake to buy a milk cow.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015