Saveta has been operating a variety store for the last ten years, out of her own home. She has applied for a loan for the first time to stock up on inventory items for her store.
Saveta is in her fifties and has three school-aged children. They all live in a rural village in the part orf central Albania that is known for having a cultural monument since 1948.
Saveta was the only one in the family to bring an income home until some years back when they started their little livestock business. They purchased the first animal with the savings from the store operations. Saveta expressed that selling milk, in addition to operating the variety store, has made it financially easier for the family.
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.