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Petro
Petro, a married father of two children, runs a small construction business and wants to buy scaffolding for his business. He also does agriculture/livestock with a focus on planting and harvesting wheat and fodder and selling raw milk from his only dairy cow.

Petro and his family live in a field area not far from the main city of Korca, in southern Albania. The most common harvested agricultural products are wheat, potatoes, tomatoes, animal fodder, corn and beans, whereas in livestock the common animal is the cow. Usually, villages located in the field area prefer cows or even sheep. As for the traditional food, we can name the meatballs that are long versus the rounded ones; these are called “kernacka”. After they have been grilled, they are further cooked with a little bit of broth, wheat flour, tomato paste and onions, and dampened with homemade red wine or even vinegar.

Petro has been photographed at his job site.

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.

Tags

About Albania

  • $10,700
    Average annual income
  • 17
    View loans »
    Albania Loans Fundraising
  • $2,623,200
    Funds lent in using Kiva
  • 102.5
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,450 helped Petro to buy scaffolding for his construction business.
57% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2014
Listed
Mar 13, 2014
Currency Exchange Loss:
Possible