The Albania Agribusiness Support Facility (AASF)
The Albania Agribusiness Support Facility (AASF) is a financing framework developed by European Bank for Reconstruction and Development (EBRD) in cooperation and with support from the Government of Albania, which started its activity in 2016.
The objective of the facility is to motivate Albanian financial institutions to support a vital sector of the Albanian economy with widely untapped potential –agriculture and agribusinesses.
AASF comprises of two elements from which financial institutions will benefit:
- Financial support
- Technical Support
AASF provides access to finance for the agribusiness sector in two ways: senior loans and/or portfolio risk sharing to both MFIs and banks. The institutions benefit from a first loss risk cover that was made available by the Government of Albania. AASF represents an innovative financial instrument to encourage lending by financial institutions to the whole agribusiness value chain.
The final beneficiaries of AASF are farmers, entrepreneurs and companies that are engaged in primary agriculture, agricultural equipment production and trade, logistics, agribusiness service providers, agricultural processing, wholesale as well as retail traders. Agribusinesses may also benefit from the EBRD Advice for Small Businesses programme, which provides consultancy on strategy development, marketing, technical restructuring and other key institutional development areas by international and local experts.
This technical assistance is provided by a consortium of GFA Consulting Group (Germany) and CBS (Albania).