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 $3,124,800 $911,263,700
Amount of raised Inactive loans $0 $1,447,875
Number of raised Inactive loans 0 1,371
Amount of Paying Back Loans $928,625 $137,912,425
Number of Paying Back Loans 672 167,110
Amount of Ended Loans $2,196,175 $771,903,400
Number of Ended Loans 1,691 965,202
Delinquency Rate 1.08% 8.61%
Amount in Arrears $5,652 $7,674,444
Outstanding Portfolio $524,467 $89,181,593
Number of Loans Delinquent 30 21,254
Default Rate 1.69% 1.35%
Amount of Ended Loans Defaulted $37,172 $10,384,180
Number of Ended Loans Defaulted 64 29,512
Currency Exchange Loss Rate 1.75% 0.46%
Amount of Currency Exchange Loss $54,752 $4,150,252
Refund Rate 0.29% 0.64%
Amount of Refunded Loans $8,925 $5,827,650
Number of Refunded Loans 8 5,888

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 56.85% 75.02%
Average Loan Size $1,322 $404
Average Individual Loan Size $1,322 $636
Average Group Loan Size $0 $1,789
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $10,700 $5,916
Average Loan Size / GDP per capita (PPP) 12.35% 6.83%
Average Time to Fund a Loan 9.79 days 6.97 days
Average Dollars Raised Per Day Per Loan $135.06 $57.96
  Average Loan Term 21.39 months 11.09 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,191 472,200
  Journaling Rate 62.03% 41.75%
  Average Number of Comments Per Journal 0.01 0.05
  Average Number of Recommendations Per Journal 0.00 1.22

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% PY 28.00% PY 26.49% PY
  Profitability (return on assets) -0.6% -6.7% 0.07%
  Average Loan Size (% of per capita income) 19.50% 54.00% 18.04%

Country Fast Facts

Field Partner Staff

Zamira Adili
Kujtim Bumçi
Erjon Cano
Hurma Gega
Kastriot Gjaci
Elsida Kollonata
Enkelejda Malqi
Eriselda Marku
Genti Mico
Erion Qosja
Daniela Qyra
Gentiana Sheshi
Dhurata Vrenozi
Lindiana Zyfi