Agro & Social Fund
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status update - February 9, 2017
VisionFund Albania is under new ownership, and has changed its name to Agro & Social Fund.
Partner description:
Formerly known as VisionFund Albania, Agro & Social Fund is a microfinance institution that works in both rural and urban areas of Albania. It offers 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, Agro & Social Fund’s services fill an important need: providing traditionally “unbankable” clients access to capital.
A unique lending approach:
A portion of Agro & Social Fund’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, Agro & Social Fund 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. Agro & Social Fund also offers special ‘startup loans’ at lower interest rates to encourage micro-entrepreneurs to start income-generating businesses to support their families.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | May 17, 2012 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $10,495,225 | $1,999,972,715 | |
Amount of raised Inactive loans | $0 | $557,650 | |
Number of raised Inactive loans | 0 | 203 | |
Amount of Paying Back Loans | $1,328,035 | $153,956,230 | |
Number of Paying Back Loans | 640 | 181,893 | |
Amount of Ended Loans | $9,167,190 | $1,810,017,340 | |
Number of Ended Loans | 6,206 | 2,432,231 | |
Delinquency Rate | 5.39% | 11.50% | |
Amount in Arrears | $43,908 | $10,715,938 | |
Outstanding Portfolio | $783,585 | $93,157,824 | |
Number of Loans Delinquent | 72 | 46,269 | |
Default Rate | 0.85% | 1.84% | |
Amount of Ended Loans Defaulted | $77,635 | $33,278,852 | |
Number of Ended Loans Defaulted | 99 | 87,208 | |
Currency Exchange Loss Rate | 0.00% | 0.48% | |
Amount of Currency Exchange Loss | $133,969 | $12,335,694 | |
Refund Rate | 0.22% | 0.54% | |
Amount of Refunded Loans | $22,725 | $10,873,075 | |
Number of Refunded Loans | 17 | 9,630 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 54.37% | 78.34% | |
---|---|---|---|
Average Loan Size | $1,533 | $392 | |
Average Individual Loan Size | $1,533 | $587 | |
Average Group Loan Size | $0 | $1,903 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $10,700 | $5,595 | |
Average Loan Size / GDP per capita (PPP) | 14.32% | 7.01% | |
Average Time to Fund a Loan | 13.96 days | 9.02 days | |
Average Dollars Raised Per Day Per Loan | $109.78 | $43.51 | |
Average Loan Term | 22.47 months | 11.48 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 4,326 | 1,199,432 | |
---|---|---|---|
Journaling Rate | 61.42% | 42.11% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.56 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 31% PY | 28.00% PY | 26.87% PY | |
---|---|---|---|---|
Profitability (return on assets) | 2.68% | -6.7% | -2.44% | |
Average Loan Size (% of per capita income) | N/A | 54.00% | 0.00% |
Country Fast Facts
- Country:
- Albania
- Capital:
- Tirana
- Official Language:
- Albanian
- Population:
- 3,020,209
- Avg Annual Income:
- $10,700
- Labor Force:
- agriculture: 54.6%, industry: 12.8%, services: 32.6%
- Population Below Poverty Line:
- 14.30%
- Literacy Rate:
- 96.80%
- Infant Mortality Rate (per 1000):
- 13.19 deaths
- Life Expectancy:
- 77.96 years
Lending Partner Staff
Lubjana MerrukoDaniela Qyra
Gentiana Sheshi