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Albanian Development Guarantee Foundation
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.
Albanian Development Guarantee Foundation
Encourage banks and non-bank financial institutions (NBFIs) to provide financial services across various sectors of the economy.
Albanian Development Guarantee Foundation
Provide guarantees that generate financing which would not otherwise happen, ensuring real economic impact.
Guaranteed Loans
+ 100000000 €
Cumulative Guarantees
+ 90000000 €
Loans
+ 10007

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.

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GUARANTEE WINDOWS

Regular Window

Dedicated to MSMEs that lack or possess insufficient collateral to be financed by financial institutions.

Green Window

Dedicated to MSMEs that invest in energy efficient projects, renewable energy and reduction of CO2 emissions.

Covid Window

Dedicated to MSMEs whose businesses have been affected by the Covid-19 pandemic or related restrictive measures (closed at the end of 2022).

Start-Up Window

Dedicated to MSMEs with less than 24 months of activity.

EVENTS

A decade of partnership and gratitude – ADGF thanks partner financial institutions

In the framework of the 10th anniversary of its establishment, the Albanian Development Guarantee Foundation (ADGF) celebrated a

Welcoming speech of the Executive Director, Ms. Gertjana Drita at the ADGF 10th anniversary ceremony

On the tenth anniversary of the establishment of the Albanian Development Guarantee Foundation (ADGF), the Executive Director, Ms.

Albanian Development Guarantee Foundation – ADGF celebrates its 10th anniversary with an evening of gratitude and partnership

Albanian Development Guarantee Foundation – ADGF celebrated its 10th anniversary, marking a decade of collaboration, impact and sustainable

DONORS

PARTNERS

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Gertjana Drita

Executive Director

 

Gertjana joined ADGF at the beginning of 2020 and currently holds the position of Executive Director at the foundation.
She has more than 15 years of experience in the banking system, covering management positions in Human Resources Management and Small & Medium Enterprises Business Department.

 

Laureta Domi

Senior Portfolio Manager

 

Laureta joined ADGF at the beginning of 2022 and currently holds the position of Senior Portfolio Manager at the foundation.
She is an experienced Finance and Banking Senior Manager with 19 years in team building, leadership, sales force effectiveness, customer experience and portfolio management.
Laureta has a Bachelor’s degree and Master of Science degree in Management from the Faculty of Economy, University of Tirana, as well as a Master Degree in Finance and Banking from the Institute Universitaire Kort Bosch, in Switzerland besides many certificated courses and trainings. She also lectures as a visiting professor in Aleksandër Moisiu University.

Ermir Çoba

Senior Portfolio Manager

 

Ermir joined ADGF in May 2022 and is responsible for managing the Agro and Energy Efficiency/ Renewable Energy guarantee portfolio.
He has about 15 years of experience in the banking and microfinance system, holding several positions, related to credit financial analysis, risk reporting and risk assessment.
Ermir graduated in Accounting at the University of Tirana and also holds several national and international certifications in the field of accounting, risk management, financial analysis, agriculture lending, etc.

Aurela Tomini

Portfolio Manager

 

Aurela joined ADGF in November 2025 as a Portfolio Manager.
She is an experienced banking professional with two decades in the financial industry, having held diverse roles in sales, risk management, and product development.
Aurela graduated from the Agricultural University of Tirana, earning her Bachelor’s degree in Agri-Business in 2005. Throughout her career, she has also completed numerous professional trainings that have further strengthened her expertise in banking operations, credit processes, and financial analysis.

Besiana Lika

Chief Financial Officer & Risk Manager

 

Besiana joined ADGF in 2016 and is responsible for the financial management and the risk aspects of the foundation. Also, she serves as the Secretary to the Board of Directors.
She has a background in finance, accounting, risk and business analytics.
Besiana earned a Bachelor degree in Finance & Accounting in 2012 and a Master of Science in Finance in 2014, in the Faculty of Economy at the University of Tirana. Since her graduation, she is also working as a part time lecturer at the Faculty of Economy.

Stelina Shefqeti

Chief Financial Officer & Risk Manager

 

Stelina joined ADGF in 2021 and is responsible for the financial and administrative activities of the foundation.
Stelina earned a Bachelor’s degree in Finance in 2020 and a Master of Science in Finance in 2022 from the Faculty of Economy, University of Tirana. In addition, she has pursued several professional courses and trainings focused on accounting, financial analysis and financial modeling.