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.