Background
ABOUT US
The Albanian Development Guarantee Foundation (ADGF) was established in July 2015 under the laws of the Republic of Albania. The idea was conceived as part of the EU framework of IPA to finance a program “Program for Rural Credit Guarantee” in Albania with the goal of increasing household incomes in Albania’s rural areas. The activities were co-financed by the EU and the Government of Albania for a total value of EUR 5.5 million, out of which EUR 5 million were from EU and EUR 0.5 million were from the Government of Albania. The initial project running from November 2014 through March 2016 was implemented by KfW Development Bank.
The Foundation’s capital was increased by an additional 30 million Euro in December 2018 from the German Government through KfW Development Bank, which continues to support the Foundation through technical assistance and studies.
On December 14th, 2020, the Albanian Development Guarantee Foundation (ADGF) signed the financing agreement for a grant of EUR 6.8 million made available by the German Government, through the German Development Bank, KfW, for private sector support to counter the effects of the COVID-19 pandemic.
On November 26th, 2021, the Albanian Development Guarantee Foundation (ADGF) signed the financing agreement for a grant of EUR 6 million made available by the German Government, through the German Development Bank, KfW. The grant will be used to allow the ADGF to further expand its support to the Albanian businesses recovering from the negative impact of the COVID-19 pandemic. The use of this contribution will be focused on supporting start-ups.
ADGF Background
Foundation
ADGF was established in 2015 as Foundation, as part of EU IPA programme, with the goal of improving the standard of living and increasing household incomes in Albania’s rural areas.
Mission
ADGF Mission is to provide access to finance, with the purpose to broaden the credit access in an underserved MSME segment across all sectors of the economy, due to lack of or insufficient collateral, to enable them to either survive or regain some lost capacity, resulting in job retention, recreation or creation.
Vision
ADGF Vision is to be Albania’s leading national development guarantee partner that expands financial access for underserved MSMEs, by fostering sustainable growth, strong partnerships, and long-term resilience in the Albanian economy.
ADGF’s operations are guided by 5 Core Values
Strong Partnerships
Building trusted collaborations with financial institutions and development partners to expand access to finance for underserved MSMEs.
Flexibility and Speed
We respond quickly and adapt to changing market needs to ensure timely and effective support.
Additionality
We provide guarantees that generate financing which would not otherwise happen, ensuring real economic impact.
Sustainability
We support responsible economic, social, and environmental growth while ensuring ADGF’s own institutional sustainability, credibility, and financial strength.
Open Communication
Fostering transparency, accountability, and constructive dialogue with all stakeholders.