Background
ABOUT US
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 European Union (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 5.5 million Euro, out of which 5 million Euro were from EU and 0.5 million Euro were from the Government of Albania. The initial project running from November 2014 through March 2016 was implemented by KfW, the German Development Bank.
The Foundation’s capital was increased through additional contributions of 30 million Euro (in 2018); 6.8 million Euro (in 2020) and 6 million Euro (in 2021) provided by the German Government through KfW, which continues to support the Foundation through technical assistance.
Formerly known as Rural Credit Guarantee Foundation (RCGF), the institution changed its name to Albanian Development Guarantee Foundation (ADGF) in December 2021. This change came in the context of expanding the scope of coverage for the guaranteed activities in order to be in line with the mission and vision of the foundation.
In 2024, the Foundation has also signed a 16.13 million Euro Financing Agreement with KfW, funded by EU, under the project “EU-KfW Western Balkans Guarantee – Supporting Entrepreneurs’ and MSMEs’ Resilience,” aimed at supporting manufacturing firms, rural businesses, and entrepreneurs through guarantee instruments provided to partner financial institutions.
Our Identity
Mission
Albanian Development Guarantee Foundation Mission is to provide access to finance, with the purpose to broaden the credit access in an underserved micro, small and medium enterprises (MSMEs) 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
Albanian Development Guarantee Foundation 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.
Open Communication
Fostering transparency, accountability, and constructive dialogue with all stakeholders.
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.