Update on EdrionEdrion is photographed here with his wife, Elvije, and their youngest child, who is 2. Thanks to your previous financial help, Edrion bought pesticides for his plum orchards and grapevines. In addition to doing agriculture, Edrion wants to add transportation as another business activity. He wants to buy a mini-bus for passengers to cover the route from his village to Korca city. To achieve this, he needs your help again.
Previous Loan DetailsEdrion is 33 years, married with two little children and is the sole financial provider for their family that lives in Southeastern Albania. He works for pay at a local bakery as a bread maker and also owns some agricultural land where Edrion has planted plum orchards and grapevines. He earns... More from Edrion's previous loan »
About VisionFund AlbaniaVisionFund 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.
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