MFI ReportPartnerships
| Name | Relationship |
|---|---|
| Kredits | Vendor |
| MFC | Network Affiliation |
| Microfinanza Rating | Rating |
| Rabobank Foundation | Funding |
| The Rating Fund | Partner |
Related Organizations
| Name | Relationship |
|---|---|
| Smart Campaign | Endorsement |
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38.5 million17,4002,212.112.9 million56.3 million1,460
Mission:
To provide financial services for members of Savings and Credit Associations in rural areas in order to promote production activities, improvement of living standards and continuous development of rural areas.
Background and Main Challenges:
ASC Union was created on January 25th, 2002 as a voluntary federation of Savings and Credit Associations (SCAs). Initiated in 1992 under a poverty alleviation program, ASC Union has evolved over time to a fully administered cooperative microfinance institution composed by Savings and Credit ... Read more
ASC Union was created on January 25th, 2002 as a voluntary federation of Savings and Credit Associations (SCAs). Initiated in 1992 under a poverty alleviation program, ASC Union has evolved over time to a fully administered cooperative microfinance institution composed by Savings and Credit Associations and their Union. Since the very beginning, ASC Union has gone through several transformations in terms of institutional profile. From 1992 till 1999, it operated as a Rural Development Fund in the framework of Rural Credit Department, while in 1999, it has been transformed into the Rural Finance Fund, and continued its operations until ASC Union establishment.
Focusing on a large target group living in rural areas, ASC Union has farmers, artisans, traders and other service providers as its clients. Inspired by financial cooperative models like Raiffeisen and other models, it is based on savings and credit associations (SCAs) that have a strong social rooting in local communities.
NOTE: As of 2008, ASC Union is reporting financial and outreach data on both the Union and the savings and credit unions.
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Focusing on a large target group living in rural areas, ASC Union has farmers, artisans, traders and other service providers as its clients. Inspired by financial cooperative models like Raiffeisen and other models, it is based on savings and credit associations (SCAs) that have a strong social rooting in local communities.
NOTE: As of 2008, ASC Union is reporting financial and outreach data on both the Union and the savings and credit unions.
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Address:
Zayed Business Center, Rr.Sulejman Delvina
Tirana
Albania
Phone:
03554251910
Fax:
(355) 425-1910
Email:
ascunion [at] icc-al [dot] org
Website:
Main Funding Sources:
Grants
Loans
Savings
Shareholder Capital
Products and Services:
Loans
Voluntary Savings
Products:
Loans, Voluntary Savings, Training/Consulting
Services Provided:
Second-tier Lending to MFIs
Looking for (Investment Types):
Loans in Local Currency
Guarantees
Capacity Building Grants
Equity investments
% Operations Comprised by MF:
91 - 100
Date established:
Sep 1 1992
FYE:
31-Dec
Current Legal Status:
Credit Union / Cooperative
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
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Gentian CaneMarketing Departmentgenti [dot] cane [at] ascunion [dot] org [dot] al+355 4 251910
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Zana KoniniExecutive Directorascunion [at] icc-al [dot] org3554251910
