Arjan needs to repair the vehicle that he uses for transportation in his little business of distributing beer and water bottles to stores and restaurants. “Since my vehicle broke down, I have been so stressed out because I haven’t been able to bring money home anymore,” is what Arjan said to the loan officer in despair.
Arjan is a 32-year-old single man who lives in a major city in southeastern Albania. This city is known for producing the best Albanian beer dating back a very long time. He started his little business five years ago and according to him the money that he has been making hasn’t been that bad.
Arjan is requesting a loan of 200,000 Albanian Lek to repair the damaged vehicle.
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.