Check out some available loans that are similar to this one!
Destan
Destan is the 34-year-old father of two children, eleven and seven, and he lives in the northern part of Albania.

For the past ten years, he has been in construction, more specifically, building hoists.

“There is a demand for this type of trade," Destan said. "Albania is a country under development, so construction has been booming, and it will for so many more years to come. Albanians who had immigrated to Greece and Italy are coming back and building houses and businesses. Since my activity is growing, I wanted to buy some iron scaffoldings and planks.”

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.

Tags

About Albania

  • $7,800
    Average annual income
  • 25
    View loans »
    Albania Loans Fundraising
  • $2,236,650
    Funds lent in using Kiva
  • 104.3
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,925 helped Destan to buy iron scaffolding and planks for his construction activity.
55% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible