Spartak, a thirty-four-year old talented and a hard-worker Egyptian man, has been active in making pastries, cheese & spinach pies for one year in his outskirts Egyptian community in eastern Albania where he lives with his parents and all the siblings. He’s been busy all this past year and is very happy with the business progress and the income he’s been generating so far.
Spartak has requested a loan of 100,000 ALL (Albanian Leke) from VisionFund Albania to help him renovate the front entrance of his little pastry shop. He says he wants to save his income to build a decent restaurant for his family and to get married soon.
Being aware that this loan and Spartak’s information will be published on Kiva for financial support from lenders, he wants to thanks people in advance for their kindness.
More information about this loan
Roma and Egyptian populations living in Albania are considered vulnerable from a socioeconomic perspective and this loan would be used to support them.
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.