Gjergji believes that:
“The concept of a business that operates with the one goal to create profits for its owners, it’s out fashioned. Building a business that will contribute to a community in need, providing employment for vulnerable women, giving them the opportunity to work and provide revenues for their families, help them integrate economically and socially for a better society, that is my personal goal.”
The garment factory will be located in Cerrik, a small municipality in Albania with rampant unemployment. The loan will enable Gjergji to provide employment for more than 130 women in the Cerrik region by equipping his factory with industrial machines to produce work wear and t-shirts for international brands. He will be working closely with Yunus Social Business (which is now selecting more experienced businesses than in the past to post on Kiva) to set up his company and maximize the social impact on the community.
Gjergii has vast experience and an international network in the garment industry having supported over 20 garment factories in Albania in setting up and scaling their operations. He has been a leading spokesperson for the Garment Industry in Albania, advocating for improvement of the working conditions and fair salaries for employees in the sector. There are currently two international companies that are interested to start working with him as a partner, whenever the company is ready and operational.
About Yunus Social Business (YSB)
Co-founded by Nobel Prize laureate Muhammad Yunus, Yunus Social Business (YSB) , is the international implementation arm for social business, headquartered in Frankfurt, Germany. Its primary activity is to initiate and manage Social Business Incubator Funds that create livelihoods and employment opportunities in vulnerable and underserved communities by supporting market-orientated and self-sustainable social businesses that are designed to address a pressing social need.
YSB is raising funds for its social businesses on Kiva. Because large amounts of credit are required, some social business loans will be raised only partially on Kiva, with the rest of the money coming from other investors in YSB.