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 child hunger nonprofit organization World Vision International. It currently has three branches and two sub-offices throughout the country, covering north, southeast, and central Albania. As of May 2013, it had a portfolio of USD $2.26 million and 2,625 active clients.

VFA offers a range of loan products tailored to fit traditionally underserved clients in both the rural and urban areas of Albania. Active clients include members of the Roma and Egyptian communities, which are the most vulnerable ethnic minorities in the country.

User-added image

Kiva borrower Vezire used her $1,900 Kiva loan to buy a dairy cow.

The organization offers agriculture, livestock, business and micro-enterprise loans, household loans, and social loans designed to improve child welfare. VFA also provides what it calls ‘integration loans,’ offered in conjunction with World Vision Albania, and designed to enable the poorest and most vulnerable households to acquire livestock and begin agricultural or dairy businesses. VFA supplements integration loans with basic entrepreneurism classes and special access to markets.

With a social mission that separates it from other banks and microfinance institutions, VFA has tremendous potential to serve Albania with microfinance targeted to the poor. Already, the organization is bringing financial services to parts of Albania where there is an immediate need to improve living conditions and aid development for both existing and start-up businesses.

As part of World Vision, VFA strongly believes that microfinance should positively impact the lives of children across Albania. In general, the communities the organization serves are located in poor areas that lack access to credit and the resources that come with it. Thriving businesses support families so that they can feed their children and make sure they stay in school.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 17, 2012 Oct 12, 2005
Total Loans $1,987,250 $655,226,925
Amount of raised Inactive loans $0 $199,625
Number of raised Inactive loans 0 149
Amount of Paying Back Loans $1,240,350 $128,241,800
Number of Paying Back Loans 784 141,538
Amount of Ended Loans $746,900 $526,785,500
Number of Ended Loans 652 659,282
Delinquency Rate 1.37% 6.52%
Amount in Arrears $10,524 $5,453,053
Outstanding Portfolio $766,531 $83,688,377
Number of Loans Delinquent 79 23,854
Default Rate 3.09% 1.11%
Amount of Ended Loans Defaulted $23,090 $5,866,192
Amount of Ended Loans $746,900 $526,785,500
Number of Ended Loans Defaulted 40 17,636
Currency Exchange Loss Rate 0.28% 0.14%
Amount of Currency Exchange Loss $5,537 $895,125
Refund Rate 0.34% 0.71%
Amount of Refunded Loans $6,675 $4,640,300
Number of Refunded Loans 5 5,166

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.54% 74.20%
Average Loan Size $1,384 $417
Average Individual Loan Size $1,384 $655
Average Group Loan Size $0 $1,842
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $7,800 $3,394
Average Loan Size / GDP per capita (PPP) 17.74% 12.29%
Average Time to Fund a Loan 7.86 days 6.02 days
Average Dollars Raised Per Day Per Loan $176.00 $69.29
  Average Loan Term 20.5 months 10.61 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 675 324,837
  Journaling Rate 92.82% 41.83%
  Average Number of Comments Per Journal 0.01 0.07
  Average Number of Recommendations Per Journal 0.00 1.71

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 28.00% PY 33.02% PY
  Profitability (return on assets) -6.4% -6.7% -0.68%
  Average Loan Size (% of per capita income) 19.50% 54.00% 36.66%

Country Fast Facts

Field Partner Staff

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

Kiva Fellow(s)

Annie Lydens