Meet the new MFC Member – Crimson Finance Fund Albania
We are more than happy to welcome and introduce our new Member, Crimson Finance Fund Albania!
CFFA’s mission is to increase the access to finance for micro and small enterprises in Albania, support their projects and build a sustainable economic environment. CFFA currently servers its mission through its package of financial products:
- Term Loans (fixed installment loans) – Covering most of the needs of a business activity.
- Lines of Credit – Increase in the working capital and/or inventory.
- Financial Leasing – Through financial leasing CFFA targets high value sectors of economic development like manufacturing, energy, transportation, agriculture, tourism etc., by financing their growth needs for equipment up to their business consolidation phase and beyond.
- Factoring – Through factoring CFFA covers the need for short-term liquidity for its clients by converting their receivables into cash.
In addition to the diverse financial products mentioned above, CFFA offers mentoring and coaching services aimed at nurturing businesses. This support begins prior to the financing and continues throughout the duration of it. This assistance is extended not only to startups but also to more experienced enterprises, streamlining their operational journeys. Furthermore, CFFA takes pride in offering fiscal advisory services to both new and existing clients, commencing at the beginning of the relationship, and persisting throughout the tenor of the financing.
It is important to note that CFFA exclusively focuses on financing Micro and Small Enterprises (MSMEs) operating in Albania.
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the granting authority can be held responsible for them.