Albert is an Egyptian man from one of the two most vulnerable ethnic minority communities of Central Albania. He is forty-eight years old, married and has four children, all grownups. Albert is considered one of the pioneers in his city in the business of second-hand items. Over twenty years ago, with the collapse of the communist regime, this business was not even known in Albania, yet many talented Egyptians, with Albert being one of them, left the country illegally in search of a business model. Very soon, they found their ways of bringing to their country used items that were so much in need then and even nowadays.
Albert never needed a loan until recently when he planned on expanding his business and of course earning more profit through buying/selling textile raw material and fabrics and also household appliances this time.
Albert thanks VisionFund Albania’s staff for the good work they have been doing at reaching out and helping the vulnerable community, and also Kiva for giving them the opportunity to raise money through its lenders.
More information about this loan
Roma and Egyptian populations living in Albania are considered vulnerable from a socioeconomic perspective and this loan would be used to support them.
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.