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 | $10,343,245 | $1,971,033,960 | |
Amount of raised Inactive loans | $2,150 | $574,365 | |
Number of raised Inactive loans | 1 | 339 | |
Amount of Paying Back Loans | $1,453,380 | $161,441,935 | |
Number of Paying Back Loans | 704 | 189,498 | |
Amount of Ended Loans | $8,887,715 | $1,778,411,115 | |
Number of Ended Loans | 6,061 | 2,385,430 | |
Delinquency Rate | 6.46% | 12.19% | |
Amount in Arrears | $60,430 | $12,105,119 | |
Outstanding Portfolio | $818,169 | $99,309,366 | |
Number of Loans Delinquent | 199 | 74,125 | |
Default Rate | 0.73% | 1.83% | |
Amount of Ended Loans Defaulted | $65,075 | $32,476,562 | |
Number of Ended Loans Defaulted | 93 | 85,168 | |
Currency Exchange Loss Rate | 0.00% | 0.49% | |
Amount of Currency Exchange Loss | $133,724 | $12,087,286 | |
Refund Rate | 0.22% | 0.55% | |
Amount of Refunded Loans | $22,725 | $10,837,725 | |
Number of Refunded Loans | 17 | 9,606 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 54.40% | 78.26% | |
---|---|---|---|
Average Loan Size | $1,528 | $392 | |
Average Individual Loan Size | $1,528 | $589 | |
Average Group Loan Size | $0 | $1,896 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $10,700 | $5,597 | |
Average Loan Size / GDP per capita (PPP) | 14.28% | 7.01% | |
Average Time to Fund a Loan | 13.88 days | 8.95 days | |
Average Dollars Raised Per Day Per Loan | $110.12 | $43.79 | |
Average Loan Term | 22.48 months | 11.47 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 4,293 | 1,185,110 | |
---|---|---|---|
Journaling Rate | 61.98% | 42.20% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.57 |
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 | 26.71% PY | |
---|---|---|---|---|
Profitability (return on assets) | 2.68% | -6.7% | -3.02% | |
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