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 | $10,582,135 | $2,017,905,110 | |
Amount of raised Inactive loans | $2,150 | $357,275 | |
Number of raised Inactive loans | 1 | 176 | |
Amount of Paying Back Loans | $1,311,155 | $157,974,050 | |
Number of Paying Back Loans | 626 | 190,165 | |
Amount of Ended Loans | $9,268,830 | $1,822,317,985 | |
Number of Ended Loans | 6,264 | 2,448,909 | |
Delinquency Rate | 7.39% | 12.69% | |
Amount in Arrears | $60,561 | $12,319,588 | |
Outstanding Portfolio | $738,230 | $97,105,837 | |
Number of Loans Delinquent | 186 | 71,382 | |
Default Rate | 0.84% | 1.83% | |
Amount of Ended Loans Defaulted | $77,635 | $33,320,922 | |
Number of Ended Loans Defaulted | 99 | 87,367 | |
Currency Exchange Loss Rate | 0.00% | 0.48% | |
Amount of Currency Exchange Loss | $134,033 | $12,416,364 | |
Refund Rate | 0.21% | 0.54% | |
Amount of Refunded Loans | $22,725 | $10,929,050 | |
Number of Refunded Loans | 17 | 9,661 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 54.29% | 78.39% | |
---|---|---|---|
Average Loan Size | $1,535 | $392 | |
Average Individual Loan Size | $1,535 | $586 | |
Average Group Loan Size | $0 | $1,906 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $10,700 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 14.35% | 7.01% | |
Average Time to Fund a Loan | 14.01 days | 9.06 days | |
Average Dollars Raised Per Day Per Loan | $109.61 | $43.31 | |
Average Loan Term | 22.45 months | 11.48 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 4,369 | 1,204,657 | |
---|---|---|---|
Journaling Rate | 61.13% | 41.97% | |
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 | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 4.15% | -6.7% | -1.28% | |
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