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Silvana

Update on Silvana

Silvana is requesting a new loan to buy more used items to sell to her customers. The income that she's been generating from her business helps her buy food for her children, something her family not take for granted when other children in their community do not have food, Silvana explains.

Previous Loan Details

Silvana is a 30-year-old Egyptian woman from one of the two most vulnerable ethnic minority communities in central Albania. She is married and has two children, nine and eleven years old, who, despite their ages, do not attend school. Many Egyptian children here do not receive an education for va... More from Silvana'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.

Tags

About Albania

  • $10,700
    Average annual income
  • 21
    View loans »
    Albania Loans Fundraising
  • $2,669,850
    Funds lent in using Kiva
  • 103.1
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,950 helped Silvana to buy used clothes, shoes and electrical home appliances to sell.
65% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2014
Listed
Jan 24, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Silvana. It was first posted on Kiva on Aug, 2012. Learn More