“I was not eligible for a loan due to my poverty level until recently. Now I am ecstatic because I have been given the opportunity through this project to add some goats of a good breed to my existing herd. They will increase milk production; the goats I have at the moment can’t produce much,” said Alitrije.
Alitrije, who has been in the livestock business for several years, lives in a rural area of central Albania with her husband, their two children, and an orphaned niece. She wants to send her niece to university, and she hopes that the increased income from the increased milk production will help her achieve this goal.
Alitrije is grateful to all Kiva lenders for their kind assistance.
More information about this loan
This loan is part of VisionFund Albania's value chain project designed to address the needs of extremely poor clients. The project has selected 90 clients from Area Development Projects and local economic empowerment projects run by WorldVision Albania (WVA) to serve the very poor. It will focus on livestock and agriculture financing, technical assistance, entrepreneurial skills training and expanding market access for clients' products. Importantly, interest rate payments will be covered by WVA. By supporting this loan, you are providing opportunity to some of the poorest people in rural Albania who have little to no access to credit, even through basic microfinance institutions.
About VisionFund AlbaniaVisionFund 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.
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This loan has been fully funded!