1. What We Do

Microcredit Project

Abstract*

The Micro-credit Project for Albania aims to address private sector development and poverty alleviation by increasing the availability of financial services to rural farmers and entrepreneurs and urban micro-entrepreneurs and the self-employed. The project has four components. The first component helps establish and extend a private, sustainable savings and credit association (SCA) network in rural areas-using as a basis the current system of village...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

1. In rural areas, increase farm and off-farm investment and savings services and progressively establish a sustainable (self-financing) savings and credit association network. 2.In urban areas, develop self-employment and microenterprises and progressively establish a sustainable (self-financing) lending institution.

Key Details

Project Details

  • P051310

  • Closed

  • Pierre Colleye

  • N/A

  • Albania

  • February 6, 1998

  • (as of board presentation)

    June 22, 1999

  • November 5, 1999

  • US$ 13.40 million

  • C

  • Not Applicable

  • June 30, 2005

  • BANK APPROVED

  • January 15, 2013

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Banking InstitutionsMicro- and SME finance

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
SWITZERLAND, Govt. of (Except for FOFEA) 1.40
IDA Credit 12.00
FOREIGN SOURCES (UNIDENTIFIED) 6.50
US: SOROS Foundation 1.40

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 12.00
IBRD + IDA Commitment 12.00
Lending Instrument
Grant Amount 1.40
Total Project Cost** 22.80

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 15, 2013 IDA-32530 Int Charges 1,714.59
Jul 15, 2013 IDA-32530 Int Charges 1,714.59
Jul 15, 2013 IDA-32530 Loan Repay 133,235.77
Jul 15, 2013 IDA-32530 Int Charges 44,940.63
Jul 15, 2013 IDA-32530 Int Charges 44,940.63
Jul 15, 2014 IDA-32530 Int Charges 967.20
Jul 15, 2014 IDA-32530 Loan Repay 137,344.36
Jul 15, 2014 IDA-32530 Int Charges 46,353.95
Jul 15, 2014 IDA-32530 Int Charges 46,353.95
Jul 15, 2014 IDA-32530 Int Charges 42,862.50
Jan 15, 2015 IDA-32530 Int Charges 42,352.03
Jan 15, 2015 IDA-32530 Int Charges 42,352.03
Jan 15, 2015 IDA-32530 Int Charges 79,057.17
Jan 15, 2015 IDA-32530 Loan Repay 126,896.89
Jan 15, 2015 IDA-32530 Int Charges 370.72
Jul 15, 2016 IDA-32530 Int Charges 39,960.65
Jul 15, 2016 IDA-32530 Int Charges 39,960.65
Jul 15, 2016 IDA-32530 Int Charges 106,561.78
Jul 15, 2016 IDA-32530 Loan Repay 103.47
Jul 15, 2016 IDA-32530 Loan Repay 123,804.87
Jul 15, 2015 IDA-32530 Loan Repay 6,368.72
Jul 15, 2015 IDA-32530 Loan Repay 117,868.52
Jul 15, 2015 IDA-32530 Int Charges 40,998.51
Jul 15, 2015 IDA-32530 Int Charges 40,998.51
Jul 15, 2015 IDA-32530 Int Charges 76,530.60
Jan 15, 2016 IDA-32530 Int Charges 40,124.58
Jan 15, 2016 IDA-32530 Int Charges 40,124.58
Jan 15, 2016 IDA-32530 Int Charges 106,998.86
Jan 15, 2016 IDA-32530 Loan Repay 3,175.98
Jan 15, 2016 IDA-32530 Loan Repay 119,810.55
Jan 15, 2017 IDA-32530 Loan Repay 116,807.48
Jan 15, 2017 IDA-32530 Int Charges 38,286.94
Jan 15, 2017 IDA-32530 Int Charges 38,286.94
Jan 15, 2017 IDA-32530 Int Charges 91,888.76
Jan 15, 2017 IDA-32530 Loan Repay 3,307.83
Jan 15, 2019 IDA-32530 Int Charges 97,902.38
Jan 15, 2018 IDA-32530 Int Charges 39,646.57
Jan 15, 2018 IDA-32530 Int Charges 39,646.57
Jan 15, 2018 IDA-32530 Int Charges 101,862.21
Jul 15, 2018 IDA-32530 Loan Repay 124,625.70
Jul 15, 2021 IDA-32530 Loan Repay 253,267.53
Jul 15, 2021 IDA-32530 Int Charges 34,191.34
Jul 15, 2021 IDA-32530 Int Charges 34,191.34
Jul 15, 2021 IDA-32530 Int Charges 100,294.59
Jan 15, 2021 IDA-32530 Int Charges 98,441.78
Jan 15, 2021 IDA-32530 Int Charges 8,952.26
Jan 15, 2021 IDA-32530 Loan Repay 256,080.06
Jan 15, 2021 IDA-32530 Int Charges 35,531.33
Jul 15, 2023 IDA-32530 Loan Repay 240,810.20
Jan 15, 2023 IDA-32530 Loan Repay 233,854.90
Jan 15, 2023 IDA-32530 Int Charges 29,666.26
Jan 15, 2023 IDA-32530 Int Charges 29,666.26
Jan 15, 2023 IDA-32530 Int Charges 90,027.56
Jan 15, 2023 IDA-32530 Loan Repay 5,870.82
Jan 15, 2022 IDA-32530 Int Charges 104,308.54
Jan 15, 2022 IDA-32530 Loan Repay 3,900.00
Jul 15, 2022 IDA-32530 Loan Repay 232,774.38
Jul 15, 2022 IDA-32530 Int Charges 94,972.63
Jul 15, 2022 IDA-32530 Int Charges 761.74
Jul 15, 2024 IDA-32530 Loan Repay 235,965.60
Jul 15, 2024 IDA-32530 Int Charges 26,546.34
Jul 15, 2024 IDA-32530 Int Charges 26,546.34
Jul 15, 2024 IDA-32530 Int Charges 2,679.15
Jul 15, 2024 IDA-32530 Int Charges 98,024.93
Jun 22, 1999 IDA-32530 Loan Commitment 12,000,000.00
Jan 15, 2024 IDA-32530 Loan Repay 237,528.31
Jan 15, 2024 IDA-32530 Int Charges 27,612.89
Jan 15, 2024 IDA-32530 Int Charges 27,612.89
Jan 15, 2024 IDA-32530 Int Charges 100,391.22
Jan 15, 2024 IDA-32530 Int Charges 3,235.42
Jul 15, 2023 IDA-32530 Int Charges 93,044.72
Jul 15, 2023 IDA-32530 Int Charges 28,897.47
Jul 15, 2023 IDA-32530 Int Charges 28,897.47
Jul 15, 2023 IDA-32530 Int Charges 8,900.13
Jan 15, 2014 IDA-32530 Int Charges 46,544.14
Jan 15, 2014 IDA-32530 Int Charges 46,544.14
Jan 15, 2014 IDA-32530 Int Charges 42,480.67
Jan 15, 2014 IDA-32530 Int Charges 1,050.28
Jan 15, 2014 IDA-32530 Int Charges 1,050.28
Jan 15, 2014 IDA-32530 Loan Repay 136,392.33
Jul 15, 2018 IDA-32530 Int Charges 38,322.61
Jul 15, 2018 IDA-32530 Int Charges 38,322.61
Jul 15, 2018 IDA-32530 Int Charges 102,193.71
Jan 15, 2018 IDA-32530 Int Charges 3,815.27
Jan 15, 2018 IDA-32530 Loan Repay 127,377.79
Jul 15, 2017 IDA-32530 Loan Repay 121,323.35
Jul 15, 2017 IDA-32530 Int Charges 38,934.77
Jul 15, 2017 IDA-32530 Int Charges 38,934.77
Jul 15, 2017 IDA-32530 Int Charges 89,741.25
Jul 15, 2017 IDA-32530 Loan Repay 2,278.31
Jan 15, 2020 IDA-32530 Int Charges 666.97
Jul 15, 2019 IDA-32530 Int Charges 36,927.94
Jul 15, 2019 IDA-32530 Int Charges 36,927.94
Jul 15, 2019 IDA-32530 Int Charges 97,805.90
Jul 15, 2019 IDA-32530 Int Charges 2,545.32
Jul 15, 2019 IDA-32530 Loan Repay 246,184.62
Jan 15, 2019 IDA-32530 Int Charges 37,675.17
Jan 15, 2019 IDA-32530 Int Charges 37,675.17
Jan 15, 2019 IDA-32530 Loan Repay 5,031.26
Jan 15, 2019 IDA-32530 Loan Repay 119,001.53
Jul 15, 2018 IDA-32530 Int Charges 3,778.55
Jan 15, 2021 IDA-32530 Int Charges 35,531.33
Jul 15, 2020 IDA-32530 Int Charges 1,962.33
Jul 15, 2020 IDA-32530 Loan Repay 247,187.31
Jul 15, 2020 IDA-32530 Int Charges 35,224.44
Jul 15, 2020 IDA-32530 Int Charges 35,224.44
Jul 15, 2020 IDA-32530 Int Charges 94,683.60
Jan 15, 2020 IDA-32530 Int Charges 103,414.00
Jan 15, 2020 IDA-32530 Loan Repay 245,601.48
Jan 15, 2020 IDA-32530 Int Charges 35,919.45
Jan 15, 2020 IDA-32530 Int Charges 35,919.45
Jul 15, 2022 IDA-32530 Int Charges 29,678.97
Jul 15, 2022 IDA-32530 Int Charges 29,678.97
Jan 15, 2022 IDA-32530 Loan Repay 246,402.10
Jan 15, 2022 IDA-32530 Int Charges 32,852.36
Jan 15, 2022 IDA-32530 Int Charges 32,852.36
Jul 15, 2021 IDA-32530 Int Charges 5,719.97
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2005-05-11
Financial Management Satisfactory 2005-05-11
Monitoring and Evaluation Satisfactory 2005-05-11
Overall Implementation Progress (IP) Highly Satisfactory 2005-05-11
Counterpart Funding Satisfactory 2005-05-11
Project Management Satisfactory 2005-05-11
Procurement Satisfactory 2005-05-11

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 03-02-2006PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceSatisfactoryN/a
Government PerformanceSatisfactoryN/a
Implementing AgencySatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.