Ermal, a 28-year-old single man who lives in a main city in southeastern Albania, has owned his own carpentry shop since he turned 22. Later on, he made the business a joint venture with his father. Ermal makes almost anything, from doors and windows to furniture.
He has been able to build a very good clientele because of the advantage that there is almost no competition in the city of his practice. Also, people in Albania still prefer to order things versus buying them because it would cause them a fortune otherwise.
Ermal wants to buy materials and some tools necessary to do the job with this loan. This will be his second loan, with the previous one having been paid off.
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.