Jak is fifty-four and married and has three school-aged children; they live in a little town in the northeast part of the country where he operates his appliance repair & servicing, particularly refrigerators and washing machines, from a tiny shop.
Jak has been the only one offering such services for his community for fifteen years, and he claims that he has earned a good income from it. Even though he has been the only one to make an income for his family, thanks to this job, Jak has been able to provide more than the basics for his family.
He now wants to build appliances from used parts and sell them and to do this; he needs to buy those parts. This is the reason why he is requesting this loan of 150,000 Albanian Lek.
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.