Identifier
Created
Classification
Origin
09TIRANA250
2009-04-21 14:37:00
UNCLASSIFIED
Embassy Tirana
Cable title:
MICROVEST I INVESTMENT IN OPPORTUNITY ALBANIA
how-toVZCZCXYZ0014 OO RUEHWEB DE RUEHTI #0250 1111437 ZNR UUUUU ZZH O 211437Z APR 09 FM AMEMBASSY TIRANA TO RUEHC/SECSTATE WASHDC IMMEDIATE 8058 INFO RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
UNCLAS TIRANA 000250
SIPDIS
DEPT FOR EUR/SCE J.ISMAIL
TREASURY FOR V.ATUKORALA
DEPT PLS PASS TO OPIC/R.GREENBERG
E.O. 12958:N/A
TAGS: EFIN AL
SUBJECT: MICROVEST I INVESTMENT IN OPPORTUNITY ALBANIA
REF: STATE 36597
Post supports additional OPIC funding for Opportunity Albania.
Opportunity Albana is a microfinance institution (MFI) which has an
excellent reputation an performance and is one off a few MFIs in the
word that achieve operational and financial self-suffciency.
Before it became an independent MFI in 207, Opportunity Albania was
a USAID-supported mico*-credit program to serve Albanian
micro-entreprnneurs. This program received an external rating o A+
for a micro-finance institution based on therrating system approved
by the Consultative Group to Assist the Poor (CGAP). It also
received the GQAP award for transparency. (Note: CGAP is a
consortium of 33 public and private development agencies working
together to expand access to financial services for the poor in
developing countries. CGAP is housed at the World Bank, but
operates as an independent entity. End note.)
CRISTINA