Kiva conducts regular, ongoing monitoring of all Field 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 Field Partner All Kiva Partners
  Start Date On Kiva May 17, 2012 Oct 12, 2005
Total Loans $6,766,775 $1,525,792,370
Amount of raised Inactive loans $0 $499,475
Number of raised Inactive loans 0 156
Amount of Paying Back Loans $1,446,125 $161,348,595
Number of Paying Back Loans 799 199,080
Amount of Ended Loans $5,320,650 $1,363,944,300
Number of Ended Loans 3,944 1,793,151
Delinquency Rate 2.61% 19.31%
Amount in Arrears $27,910 $19,878,153
Outstanding Portfolio $950,820 $102,962,797
Number of Loans Delinquent 165 87,257
Default Rate 0.81% 1.73%
Amount of Ended Loans Defaulted $43,349 $23,591,304
Number of Ended Loans Defaulted 74 58,767
Currency Exchange Loss Rate 0.42% 0.40%
Amount of Currency Exchange Loss $57,516 $6,432,646
Refund Rate 0.23% 0.61%
Amount of Refunded Loans $15,575 $9,369,125
Number of Refunded Loans 13 8,706

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 54.96% 77.08%
Average Loan Size $1,426 $392
Average Individual Loan Size $1,426 $605
Average Group Loan Size $0 $1,777
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $10,700 $5,695
Average Loan Size / GDP per capita (PPP) 13.33% 6.89%
Average Time to Fund a Loan 12.4 days 7.88 days
Average Dollars Raised Per Day Per Loan $115.02 $49.81
  Average Loan Term 22.5 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3,335 942,824
  Journaling Rate 70.32% 42.92%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% PY 28.00% PY 27.93% PY
  Profitability (return on assets) 5.7% -6.7% -0.55%
  Average Loan Size (% of per capita income) 19.50% 54.00% 11.51%

Country Fast Facts

Field Partner Staff

Eranda Bajramaj
Lubjana Merruko
Genti Mico
Vjollca Muçaj
Rozana Orozi
Gentiana Sheshi
Lindiana Zyfi