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Loreta
Loreta, shown above at the second-hand items market in Korca city, is a member of the vulnerable ethnic minority of Egyptian Albanians.

The Roman & Egyptian thrifty items markets are the largest and only ones in the cities. She buys used shoes and/or new ones with some defects from production manufactures and sells them to local community.

Loreta divorced very long ago and has custody of a young daughter. She lives with her married daughter. She worked two jobs to raise her daughter. In addition to selling, she works as a janitor with the municipality.

The city where they reside is known for its cobblestone streets and romantic ballads, unlike any other city in Albania.

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.

Tags

About Albania

  • $7,800
    Average annual income
  • 24
    View loans »
    Albania Loans Fundraising
  • $2,270,000
    Funds lent in using Kiva
  • 100.8
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Loreta to buy used and/or new damaged shoes from producers to resell.
37% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2014
Listed
Mar 18, 2014
Currency Exchange Loss:
Possible