Mile lives in the north part of the country and has five grown-up children from 36 to 21 years of age. It's her third time applying for a loan through VisionFund Albania.
For the past 12 years she has been operating a stand-alone banquet hall which has been the only hall in the region. Families here are multi-children families, therefore the use of a banquet hall has become essential to the locals and of course the demand for it is high. Due to weather conditions in the winter, though, the lack of power has caused inconvenience to both Mile and locals.
In an effort to serve her clients and all others in the region better and all the time, she is considering buying an electric generator. She has proved her responsibility in the past; has paid her previous loans in full and on time.
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.