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Alket
Alket is a 28-year-old single man who is requesting a loan of 100,000 ALL that will help him to buy potato seeds and fertilizers. Alket does agriculture and raises livestock for living: he plants fodder, corn, potatoes, and red beets and he has some milk cows as well. He sells his fresh products to the farmer’s market in a nearby city, Korce.

Alket’s village is situated in a farming area with a climate that is not as cold as other villages in the same commune. The soil is very good, supporting almost any type of plant. Villagers raise quantities of wheat, corn, potatoes, onions, fodder, red beets, and beans. As for animals, cows and sheep are the most preferred amongst villagers, and they also grow apples, plums, and vines.

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

  • $7,800
    Average annual income
  • 35
    View loans »
    Albania Loans Fundraising
  • $2,421,000
    Funds lent in using Kiva
  • 101.9
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Alket to buy potato seeds and fertilizers.
79% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Mar 29, 2014
Currency Exchange Loss:
Possible