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Mrika

Update on Mrika

Mrika built a stable with her previous loan. Yet, this past year, she hasn't been feeling well from her kidneys. Specialists said that she needs immediate intervention and this is the reason why she is asking for your kindness.

Previous Loan Details

Mrika is a forty-seven-year-old married woman who has five children ranging from eight to twenty-three years old. They all live in northern Albania. “Raising my children hasn’t been easy, financially and otherwise,” she says. “This is why six years ago I started my own business in an effort to be… More from Mrika'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.

About Albania

  • $7,800
    Average annual income
  • 19
    View loans »
    Albania Loans Fundraising
  • $2,322,350
    Funds lent in using Kiva
  • 102.9
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Mrika to pay for a medical procedure in her kidneys.
22% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 15, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Mrika. It was first posted on Kiva on Aug, 2012. Learn More