Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:
VisionFund Albania (VFA) is owned by VisionFund International, the microfinance-focused subsidiary of World Vision International.
VFA works in both rural and urban areas of Albania, offering a range of loans and financial services tailored to meet the needs of its poor and traditionally underserved clients. As Albania is one of the poorest countries in Europe, VFA’s services fill an important need: providing traditionally “unbankable” clients access to capital.
A unique lending approach:
A portion of VFA’s active clients are members of Albania’s Roma and Egyptian communities, which are the most vulnerable ethnic minorities in the country. People from these communities tend to earn a living from informal work in agriculture, reselling, or recycling, meaning that their unemployment and poverty rates are extremely high.
With a social mission that distinguishes it from other banks and microfinance institutions, VFA has tremendous potential to serve Albania with microfinance solutions targeted to the poor. The organization offers agriculture, household, and social loans designed to improve child welfare. VFA also offers special ‘startup loans’ at lower interest rates to encourage micro-entrepreneurs to start income-generating businesses to support their families.
Around 8% of VFA’s loans are disbursed to particularly vulnerable populations, and over 50% of the loans are disbursed to women.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 17, 2012 Oct 12, 2005
Total Loans $2,553,850 $752,848,725
Amount of raised Inactive loans $0 $599,775
Number of raised Inactive loans 0 1,439
Amount of Paying Back Loans $1,236,850 $132,824,900
Number of Paying Back Loans 833 155,132
Amount of Ended Loans $1,317,000 $619,424,050
Number of Ended Loans 1,040 767,679
Delinquency Rate 0.53% 7.98%
Amount in Arrears $4,041 $6,876,124
Outstanding Portfolio $768,756 $86,206,157
Number of Loans Delinquent 25 22,923
Default Rate 1.91% 1.26%
Amount of Ended Loans Defaulted $25,210 $7,794,167
Amount of Ended Loans $1,317,000 $619,424,050
Number of Ended Loans Defaulted 46 21,130
Currency Exchange Loss Rate 1.63% 0.33%
Amount of Currency Exchange Loss $41,687 $2,478,516
Refund Rate 0.29% 0.66%
Amount of Refunded Loans $7,450 $4,973,325
Number of Refunded Loans 6 5,474

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 57.14% 74.49%
Average Loan Size $1,363 $415
Average Individual Loan Size $1,363 $649
Average Group Loan Size $0 $1,848
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $10,700 $5,950
Average Loan Size / GDP per capita (PPP) 12.74% 6.98%
Average Time to Fund a Loan 8.96 days 6.63 days
Average Dollars Raised Per Day Per Loan $152.12 $62.61
  Average Loan Term 21.23 months 10.85 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 945 371,342
  Journaling Rate 81.22% 41.21%
  Average Number of Comments Per Journal 0.01 0.06
  Average Number of Recommendations Per Journal 0.00 1.49

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 28.00% PY 30.60% PY
  Profitability (return on assets) -3.6% -6.7% -1.87%
  Average Loan Size (% of per capita income) 19.50% 54.00% 19.24%

Country Fast Facts

Field Partner Staff

Zamira Adili
Erjon Cano
Hurma Gega
Bianka Gjikondi
Lulzime Hyka
Elsida Kollonata
Eriselda Marku
Genti Mico
Dorian Pali
Ervin Pecuni
Erion Qosja
Daniela Qyra
Gentiana Sheshi
Dhurata Vrenozi