A loan of 110,000 ALL will help Tonin expand his animal stable. This will be his first loan from VisionFund Albania.
Tonin is a 49-year-old married villager who lives in northern Albania with his wife, their three school-aged children and his mother and deaf father. For the past fourteen years, Tonin has been operating his livestock/agriculture business and the earnings he has been generating through this activity have been good according to him.
“Being the only source of income for our family of seven and paying for my parents’ medical bills hasn’t been any easy at all. Yet, I am glad that I can.” Tonin said.
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.