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Luke

Update on Luke

Luke bought the part for the lathe machine thanks to your help. Now she is back needing your help again, to buy materials/tools needed for her metalworking business.

Previous Loan Details

Luke is 56 years old and married. She has two children who are 22 and 20 years old and both attend university. Their family lives in the northeastern part of the country. Luke has been VisionFund Albania’s client for a long time and she has gained all the respect from our institution and the peop... More from Luke's previous loan »

Additional Information

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
  • 14
    View loans »
    Albania Loans Fundraising
  • $2,348,600
    Funds lent in using Kiva
  • 105.5
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Luke to buy materials/tools for the metalworking lathe.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Luke. It was first posted on Kiva on Jul, 2012. Learn More