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Teuta, who is 40 and a mother of two, a 14-year-old and a 12-year-old, wants to expand her bakery shop and have an additional section to sell groceries. For a long time their family lived in Greece, and now they are back in their native city. They have found in Greece a good source of grocery items at a lower price, so that selling them in the city would make them win over other competitors.

Teuta’s region is known for its rich cuisine and for having the first beer factory in Albania since 1928. During summertime they organize two events: one is the beer festival and the other the food festival. During the wintertime, the national skiing team practices in the mountains of the Dardha village.

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

  • $10,700
    Average annual income
  • 27
    View loans »
    Albania Loans Fundraising
  • $2,878,025
    Funds lent in using Kiva
  • 103.9
    Albania Leke (ALL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Teuta to build an additional space in her bakery to sell groceries.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 5, 2014
Feb 17, 2014
Currency Exchange Loss:
Oct 17, 2015