Check out some available loans that are similar to this one!
Drita

Update on Drita

Drita started a small business, with your financial help, selling items to beach-goers last summer. She did well, according to her, and she's very appreciative to all of her lenders. Now she is back needing your help again to paint the inside of the variety store; the season has already started and she is in a hurry to do the final touches to the store.

Previous Loan Details

Drita wants to start a business this summer by selling items to the beachgoers in one of the most populated beaches of the northern Albania. Kindly note that this is only a summer season type of activity, yet the income that someone can generate out of it is very good, according to Drita. She... More from Drita's previous loan »

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.

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
  • 15
    View loans »
    Albania Loans Fundraising
  • $2,581,800
    Funds lent in using Kiva
  • 102.8
    Albania Leke (ALL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,925 helped Drita to paint the inside of the small beach type of variety store.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Drita. It was first posted on Kiva on Jun, 2013. Learn More