Alb Credit Savings and Credit Society is a merger of six savings and credit societies in October 2015.
The History of Albcredit Savings and Credit Society
Albcredit 'Gorre' Savings and Credit Society was established to provide microfinance services since March 23, 2001. Since its inception, the society has experienced steady growth and has created a 21-year history of success in aiding small and medium entrepreneurs in the region it operates.
Mission and Vision
The mission of Albcredit Savings and Credit Society is to provide easy and fast access to financial resources for small and medium entrepreneurs, aiming at their economic growth and self-employment. The vision of the society is to become a leader in the microfinance sector, aiding in the sustainable development of local businesses and contributing to the growth of the country's economy.
Activities and Services
Albcredit Savings and Credit Society offers a wide range of financial services to entrepreneurs and local businesses. These services include microloans, large loans for significant investments, deposits with competitive interest rates, financial advice, and training for the development of entrepreneurial skills. Additionally, the society is involved in various innovations in the field of microfinance and is actively improving its services to meet the needs of its clients.
Economic and Social Impact
The impact of Albcredit Savings and Credit Society on the market and local community has been extraordinary. This institution has contributed to the increase in self-employment and the stability of clients in the market. The dedicated staff is always ready to assist clients, developing cooperation with them. Despite the achieved success, one of the most significant challenges is the cost of funding resources.
Trust and Deposits
Additionally, our institution is part of the 'Deposit Insurance Agency'. Being a member of this agency has increased our clients' trust. Our institution serves 10,489 members and holds a deposit portfolio of 1,144,751,000 Lek.