Majlinda owns a little bar café on a main floor of the building where she and her daughter rent. Next to this, there is a little shop that she wants to open as a variety store. Her daughter can run it while she continues her university studies, and Majlinda will help her as well while she goes to school. The good thing is that there is no such a store in that neighborhood.
Majlinda herself has worked in a factory where they made rugs and carpets, and she enjoys making her own rugs using the loom once in a while.
More information about this loan
This loan is part of VisionFund Albania's new startup loan program to help entrepreneurs with limited financial possibilities to start up a new business or restart a business that was closed due to lack of working capital.
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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