NOA SH.A.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
NOA is a regulated microfinance institution (MFI) and has been operating in Albania for 15 years. The institution has a country-wide branch network counting 18 branches, with its head office located in Tirana. NOA serves micro and small businesses in both urban and rural areas, providing services to customers neglected by traditional banks. To date NOA has directly supported over 65,000 Albanian families. The MFI is increasingly focused on the agricultural sector. NOA aims to “improve the standards of living” of its customers.
What is our funding objective?
Almost all the loans NOA provides to its clients are in the Albanian local currency (LEK) with a fixed interest rate. To match NOA’s business, FMO also provided a LEK loan with a 5 year fixed interest rate. This way the currency risk and the interest rate risk for NOA are minimized. With FMO's funding NOA will be able to increase its penetration into the micro and small business segment.
Why do we fund this investment?
By financing NOA FMO supports the development of micro and small businesses in Albania.
- Website customer/investment
- http://www.noa.com.al
- Region
- Europe & Central Asia
- Country
- Albania
- Sector
- Financial Institutions
- Effective date
- 12/12/2013
- End date
- 2/6/2019
- Total FMO financing
- EUR 5.00 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C