Elsa is twenty-nine years old and educated. She lives in Northeast Albania. Yet, despite the fact that she holds a degree, unfortunately she has not been able to find a job in her field and for this reason she started a business of her own a year or so back. She opened a store in the village where she currently resides and sells brand new clothes, each item less than 500 LEK.
So far, the business has been going well, and now she is planning to expand her business by buying more inventory items. Elsa has been able to establish a good clientele, thanks to her good service, and she is positive that by adding more items geared towards almost every age, she will be able to attract all ages and of course increase the profit and be helpful to locals as well.
This is Elsa’s second time requesting a loan from VisionFund Albania with the previous one being already paid off. Please note that she built up the store with that one. Now, it is different for her because this will be a KIVA loan through VFA and she wants to thank in advance all lenders for their support.
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.