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Zegjine

Update on Zegjine

Zegjine is trying to expand her business. This time she is requesting another loan which is larger than the previous ones.

So far, she's been doing well, and she has been able to pay the monthly installments on time and in full.

Zegjine is very grateful to lenders that with their kindness they bring so much goodness to people in need like her.

Previous Loan Details

Here is what Zegjine said when interviewed for this loan and about the success of the previous one: “I started small in the beginning, using only one booth, but lately I invested in other booths because my activity grew. I am very happy, and for this I wanted to thank all Kiva lenders for the pr... More from Zegjine'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

  • $7,800
    Average annual income
  • 37
    View loans »
    Albania Loans Fundraising
  • $2,421,000
    Funds lent in using Kiva
  • 101.7
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,950 helped Zegjine to buy large quantities of used items such as clothes and shoes.
24% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Mar 26, 2014
Currency Exchange Loss:
Possible