Financing & consulting in agro-technical services for orchards & agricultural machinery

“NOA financial institution has been operating in the Albanian financial market for more than 21 years and it has been offered agribusiness support for 17 years in Korca area” - said Mr. Vangjo Mitace, Director of NOA Branch in Korça television studio.

The figures and achievements over the years speak for themselves, hundreds of businesses have been established due to the support provided by the Institution, as well as thousands of individuals have found solutions for their family needs.

In the framework of the development of agribusinesses in the country, NOA has started its campaign “Choose Albania”, with the main focus on local investment in Albanian agribusiness, being present in the television studio of the TVSH Korca programme represented by Prof. Nikollaq Roshanji, Head of the Department of Fruit Cultivation at the Agricultural University of Korça and Mr. Vangjo Mitace, Director of NOA Branch in Korça.

Professional agricultural counseling as part of financial consulting to business is a novelty that has been undertaken by NOA Institution in the last 2 years. NOA is collaborating with prominent academics and senior experts on the relevant topics as well as in-depth studies on agricultural and livestock activities. This cooperation comes to Albania as an international experience brought by NOA leaders, appreciating the advantages of this novelty in the global financial market.

Valuable messages for farmers and agribusiness were conveyed by Prof. Roshanji, starting from agro-technical services in orchards during those 2-3 months, as well as the importance of investments in agricultural machinery or anti-hail protection nets in case of natural disasters.

Investments in agribusiness are fully supported by the institution, with minimal documentation, no collateral needed and in a very short time, just within a few hours. NOA offers financing for its clients from the smallest amounts up to 100,000 Euros and it particularly supports small farmers, who do not have access to the banking system, due to documentation, balance sheets, banking history, etc. Moreover we should also consider the time of agri-technical services which is required to be fast, in order to “capture the moment” of the investment.

The cooperation between NOA and the experts in the agriculture field through the creation of financial packages tailored to the needs of the clients is best noticed by the flow of loan applications from the winning applicants of ARDA and IPARD grants. Each year, the NOA Institution finances a wide range of clients in their investment plans related to subsidy schemes and agribusiness grants supported by Ministry of Agriculture funds and donor funds as well.

Success in agricultural crediting comes as a result of being operational and professionally knowledgeable in the agricultural sector.