Majlinda is a seamstress who has been in this industry for almost ten years. She wants to buy fabric and other materials she needs, and a loan of 150,000 Albanian Lek will help her achieve the goal; this will be her first loan. She has been the only financial provider for her family ever since she started her business.
She lives in a little town in central Albania with her husband and two children in their early twenties.
Majlinda has been experiencing a steady growth in business throughout the years. “It was a bit scary in the beginning because I didn’t know what to expect. There were other seamstresses in the town and this worried me, yet soon after I added extra services to clients such as sewing drapes,” said Majlinda “this gave a boost to my business,” she added.
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.