This will be his first loan, after his many attempts to request a loan and rejections he faced from almost all other financial institutions in the country, including VisionFund Albania. Kindly note that, according to the institution’s poverty rating tools, Pashk fell under the poverty level of regular clients.
Here is what Pashk said to the loan officer who interviewed him: “I am so grateful to Kiva for providing people in my financial situation with such an awesome opportunity. And very much, I wanted to thank all the kindhearted Kiva lenders.”
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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Success!! The loan was 100% repaid