First investment in Albania

During the first half of 2024, the Foundation decided to intervene for the first time in Albania to support the Albanian-based microfinance institution Noa.

The Foundation has granted Noa initial funding equivalent to €2 million over a three-year period, helping to boost economic and social development in Albania.

Noa was established in 1998 and its mission is to provide comprehensive financial and non-financial services to Albanian entrepreneurs, farmers and households.