13.1M€
Wallet
3 720
Number of beneficiaries
43.9%
Women beneficiaries
54.2%
Rural beneficiaries
Albania
Financial services
Funding granted
Loan of €1,500,000*
(local currency equivalent)
Partner of the Foundation
since 2024
(1 loan granted)
*Outstanding at grant value
Context :
Albania has undergone a significant economic transition since the fall of communism in the 1990s. Agriculture accounts for approximately 201,300 of GDP and employs nearly 401,300 of the workforce, primarily on small family farms. Rural areas in Albania suffer from limited access to financial services, inadequate infrastructure, and ongoing rural exodus, creating a critical need for tailored financial support for the agricultural sector.
The institution:
Agro & Social Fund (ASF) is an Albanian microfinance institution specializing in financing the agricultural sector and social initiatives. Founded to meet the needs of farmers and rural micro-entrepreneurs, ASF operates primarily in rural and peri-urban areas of Albania, offering financial products tailored to agricultural cycles and the needs of small family farms.
Impact :
The mission of Agro & Social Fund is to promote sustainable rural development in Albania by providing accessible financial services to farmers and rural micro-entrepreneurs. Through its credit products tailored to local agricultural realities, ASF contributes to modernizing farming practices, improving farm productivity, and stabilizing rural incomes. The institution plays a significant role in combating rural exodus by creating economic opportunities in the Albanian countryside.