Pal is a 48-year-old married villager and the father of five school-aged children. He has been operating a livestock business for almost seven years, selling milk and baby calves to local residents. He says that this activity has been a great help to him and his family who have no other income but this one. The business of selling his cows’ milk has been steady, Pal said.
Pal now wants to add goats as well, so that he can produce delicious goat cheese that is required in the market. The geographic location in which he lives also favors this kind of animal. Pal hopes that his income would double soon with the purchase of goats.
This is Pal’s third loan and he has fully repaid the previous ones. According to VisionFund Albania staff, Pal ended his first interview by wishing everyone, including Kiva lenders, happy holidays.
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.