Hervis, a 31-year-old Egyptian Albanian who is applying for a loan for the first time, lives in a major city in southern Albania and sells used items, such as clothing and shoes, as well as cheap kitchen wares, to local people, for a living. He does not sell at the Egyptian/Roma market where some of his community members sell, because he wants to avoid the booth taxes and other charges; thus, for the moment, he sells in the streets. Hervis is married and has a seven-year-old child, and he has been the sole financial provider since they started their family. They plan on expanding their family soon, so he says he will have to expand his sales as well. The loan that Hervis is applying for will be used to buy items for resale.
More information about this loan
Roma and Egyptian populations living in Albania are considered vulnerable from a socioeconomic perspective and this loan would be used to support them.
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.