TIRANA, Feb 7 /ATA/ The microfinance sector at the end of 2023 numbered 200,000 active clients and over 255,000 disbursed loans.
The Microfinance Association said that the volume of disbursed loans has reached 36.6 billion ALL, or almost 360 million euros, from 34 billion in 2022. Meanwhile, the non-performing loan has dropped to the level of 6.1% from 7.2% in 2022.
The largest share in the members’ portfolio is held by businesses of all types (51%) and then by individuals (36%). Meanwhile, in terms of the number of loans, the microfinance sector is mostly focused on individuals, who account for 80% of active loans.
Meanwhile, the lending activity has grown steadily.
According to the official data of the Albanian Microfinance Association, the sector has 1,919 employees, of whom 951 are loan officers. The 10 microfinance companies have a total network of 290 branches spread across the country.
The Microfinance sector, which has been in the market for more than 25 years, brings together the most consolidated non-banking financial institutions, with lending as the main activity, which together represent an active loan portfolio of 44 billion lek, or nearly 440 million euros, with more than 199,000 active customers (year-end 2023 figures).
/r.e/sm/
