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Gazmend
Gazmend is requesting a loan for the first time to purchase supplies and tools for his welding business.

Gazmend is a 28-year-old single man who currently lives in the northern Albania. For long time, he lived in the neighboring countries as an immigrant, where he learned the skills of welding and worked in the field. He is back now in his homeland and has started a welding business. The money he had saved was enough to build the shop and buy supplies and some tools to start off.

His activity is growing and for this he wants more supplies and some extra tools to do the job. “This loan will help me tremendously. Very soon I will hire someone to help me out, as I see that it’s too much for one person. I can’t serve all clients by myself,” Gazmend said.

Additional Information

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.

About Albania

  • $7,800
    Average annual income
  • 26
    View loans »
    Albania Loans Fundraising
  • $2,236,650
    Funds lent in using Kiva
  • 107.6
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,875 helped Gazmend to buy tools and supplies for his welding business.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible