Translated version of this PSD: Albanian
The EBRD is providing a senior unsecured loan of up to EUR 5 million to NOA Sh.a., a non-bank microfinance lending institution in Albania, for on-lending to agribusinesses. The proposed transaction is the first project under the Albania Agribusiness Support Facility (AASF). The Loan will be complemented by a First Loss Risk Cover (FLRC), contributed by the Government of Albania, and technical assistance to NOA for capacity building and to NOA's existing and potential clients for advisory services. The Project will improve access to finance for the underserved farmers and agribusinesses in Albania.
The Project will enhance access to finance for agribusinesses in Albania by addressing the financing gap as one of the main challenges for the sector's development.
The transition impact will derive from market expansion by increasing lending to farmers and agribusinesses, and transfer of skills by providing capacity building, product development and marketing outreach support to NOA and advisory services to NOA's existing and potential clients.
NOA SH. A.
NOA Sh.a. (NOA) is a microfinance institution (MFI) incorporated in Albania. It provides loans to clients, mostly in rural areas across the country.
NOA is 99.99% owned by NOA Holding, which in turn is 100% owned by NOA Cooperatief (NOA Coop) that owns directly the remaining 0.01% of NOA Sh.a. NOA Coop is owned by two microfinance investment specialists, BFSE Holdings B.V. and Creation Investments Antilles N.V.
EBRD Finance Summary
Senior unsecured loan
Total Project Cost
Environmental and Social Summary
Categorised FI. NOA, under the Agribusiness Support Facility, will be required to adopt and implement EBRD's Environmental and Social Risk Management Procedures for Corporate, SME and Micro Lending, comply with Performance Requirements (PRs) 2, 4 and 9 and submit Annual Environmental and Social Reports to the Bank on the implementation of the E&S Procedures and the PRs.
The Project will be accompanied by a comprehensive technical cooperation package to provide support to NOA for capacity building, product development and marketing outreach. In addition, Advisory services to the sub borrowers will be provided by the Small Business Support Team with the aim of facilitating access to know-how and non-financial-development services to agribusiness SMEs in areas ranging from strategy, operations to quality management specific to the agribusiness sector. Finally, the package includes an assessment of any potential Agribusiness sector bottlenecks hindering access to finance and potential follow-on capacity development activities.
Company contact information
Contact Name: NOA. Sh.a. Email: info@noa,com.al
Telephone: 355 42403764 Fax:
Postal Address: Rr. Tish Daia, Kompleksi Kika 2. Pall. 2, Tirane, Albania
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.