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Alfred
Alfred has a carpentry shop and he wants to buy a part of the current equipment; this loan will help him to achieve his goal. He makes kitchen cabinets, doors, windows, bed frames, etc., and he has been able to build a good clientele throughout these past eight years of practicing his profession that he inherited from his father. As he says, Alfred wants to do the same thing, bequeath it to his twin sons.

Alfred is a 30-year-old married father of 3-year-old twins. He and his family had lived in a more rural region before where residents experienced a lack of electricity, paved roads, and transportation means in addition to the very cold weather that kept the snow on for almost nine months. Upon arriving in this current location, his father and he opened up their carpentry shop. According to them, their decision to relocate has been a good one.

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
  • 16
    View loans »
    Albania Loans Fundraising
  • $2,581,825
    Funds lent in using Kiva
  • 101.4
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Alfred to buy some equipment for his carpentry shop.
49% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible