Ferit is in his early sixties. His children and grandchildren have been living overseas for the past decade. He and his wife live in a greenly beautiful village in Central Albania.
Ferit has been in the agricultural business for the past twenty-two years and has been enjoying it so far. He owns a few “dynyms” of land where he plants beans and lentils. Through the years, he has been able to establish a steady clientele -- his major clients are wholesale buyers and the minor ones are random people in the city's market.
For plowing the field, planting and harvesting, Ferit does it himself with his wife. They also own a cow and use the dairy for their needs. However, now that one of their sons and his family is coming back to Albania after all these years, they plan to buy another cow to fulfill all of their dairy needs. They are excited that they will finally have them back. This is why they are requesting a loan. Their promise is that they will pay it off on the scheduled dates, just like the previous one.
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.