“Tris Alb” sh.p.k, located in Libofsh, Fier is one of more than 6000 farmers and agribusinesses in Albania that, so far, have benefited from support provided through the “Albania Agribusiness Support Facility”.
Founded in 2010 as a dairy sector agribusiness, “Tris Alb” is engaged in trading and transport of agricultural machinery and products and entered in livestock investments in 2012. The business benefited from financial assistance through AASF and the IPARD scheme from 2019 on.
During the first year of operation the farm employed 4 full-time staff, owned 50 heads of heifers and cows and produced up to 700 liters of milk per day.
Through AASF and IPARD grant support, “Tris Alb” managed to access financial resources of more than 500,000 Euros, which enabled the company to expand the production capacity through the purchase of new agricultural machinery and equipment, needed to accelerate the production process. In addition, the company was able to expand the farmed area.
Partnering with Intesa Sanpaolo Bank, an AASF’s Partner Financial Institution, the company was able to obtain a loan on beneficial conditions, which enabled its access to assets and important investments. These, in return, helped to fulfill all selection criteria to obtain a grant from the IPARD scheme.
As a result, the company employs 23 full-time and 15 seasonal workers and counts 570 cows and heifers and over 340 calves today. It has increased its production capacity from 700 to 12,000 liters of milk per day.
The effects of the investments are not only quantitative, but also reflect on the quality of the products. Given that with the financial support the company could purchase the newest technology, standardized quality control processes can now be applied, complying with highest European standards.
Intesa San Paolo Bank is a Partner Financial Institutions of the AASF program which provide loans to businesses through medium to long term products.
The “Albania Agribusiness Support Facility” (AASF), a financing framework developed by EBRD in cooperation with and support from the Government of Albania, which started its activity in 2016.