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Marte
Upon their arrival ten years ago from a colder region to the new region with milder weather, Marte had some repairs done to the rundown home they purchased. The population in the village where she currently resides has been increasing rapidly.

Marte is requesting a loan from lenders in the amount of 150,000 Albanian Lek to help her pay for the construction materials that were used for house repairs and also to pay the worker.

Marte is a married mother of five children who practices raising livestock as a means of making a living. She has been dealing in animal husbandry of pigs, cows and chickens. She then sells fresh products and baby animals and organic eggs to the farmers' market.

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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Albania

  • $10,700
    Average annual income
  • 17
    View loans »
    Albania Loans Fundraising
  • $2,619,000
    Funds lent in using Kiva
  • 102.0
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Marte to repair the family's rundown home.
48% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2014
Listed
Mar 29, 2014
Currency Exchange Loss:
Possible