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 $1,707,350 $604,400,275
Amount of raised Inactive loans $0 $539,800
Number of raised Inactive loans 0 451
Amount of Paying Back Loans $1,152,675 $119,508,500
Number of Paying Back Loans 713 128,905
Amount of Ended Loans $554,675 $484,351,975
Number of Ended Loans 510 612,369
Delinquency Rate 1.21% 4.11%
Amount in Arrears $8,797 $3,196,031
Outstanding Portfolio $726,412 $77,822,761
Number of loanDelinquent 47 13,857
Default Rate 2.45% 1.11%
Amount of Ended Loans Defaulted $13,581 $5,357,098
Amount of Ended Loans $554,675 $484,351,975
Number of Ended Loans Defaulted 24 16,819
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $572,888
Refund Rate 0.39% 0.75%
Amount of Refunded Loans $6,675 $4,553,925
Number of Refunded Loans 5 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 59.94% 74.22%
Average Loan Size $1,396 $419
Average Individual Loan Size $1,396 $656
Average Group Loan Size $0 $1,830
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $7,800 $3,423
Average Loan Size / GDP per capita (PPP) 17.89% 12.23%
Average Time to Fund a Loan 6.59 days 5.7 days
Average Dollars Raised Per Day Per Loan $211.67 $73.51
  Average Loan Term 20.02 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 501 301,951
  Journaling Rate 91.91% 42.39%
  Average Number of Comments Per Journal 0.02 0.08
  Average Number of Recommendations Per Journal 0.00 1.84

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 33.21% PY
  Profitability (return on assets) -6.4% -6.7% -1.42%
  Average Loan Size (% of per capita income) 19.50% 54.00% 40.18%

Country Fast Facts

Field Partner Staff

Erjon Cano
Bianka Gjikondi
Eriselda Marku
Genti Mico
Dorian Pali
Ervin Pecuni
Daniela Qyra
Gentiana Sheshi
Dhurata Vrenozi