Marash is 45 years old, married and lives with his wife and parents in northern Albania. For seventeen years now, he has been operating an auto repair shop.
“The beginning was very difficult for me because I had no money to invest on a shop, and I was running it from my own home which was not easily accessible from clients. This made it difficult for potential clients. As time went by, and difficulties in relation to clients arose, I knew that I had no other choice but to apply for a loan from an MFI. And I am glad I did,” Marash said.
Marash is now requesting a second loan to purchase necessary tools for his shop. The amount he is applying for, is 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.