ABOUT MISFA

The Microfinance Investment Support Facility for Afghanistan (MISFA) was set up in 2003 at the invitation of the Afghan government — to get donor coordination right from the start and avoid the counter-productive efforts that have emerged from conflicting donor objectives in other post-conflict situations. It was established as a vehicle through which the Afghan Government and international donors could channel technical assistance and funding to build Afghanistan’s microfinance sector. MISFA was the first facility of its kind, pooling diverse donor funding mechanisms and converting them into streamlined, flexible support to microfinance institutions in Afghanistan, tailored to local priorities and accompanied by technical assistance and strong performance monitoring.

Vision

MISFA’s vision is to develop a sustainable, efficient, and commercialized development finance sector stimulating the economic growth in Afghanistan.

MISSION

MISFA’s mission is to be a strong and efficient organization contributing to Afghanistan’s economic growth by developing a viable, inclusive financial sector.

Board Members

Outreach as of April 2024

86,934

ACTIVE BORROWERS

35%

WOMEN BORROWERS

AFN 48,904

LOAN OUTSTANDING PER BORROWER

AFN 4.25 Billion

GROSS LOAN PORTFOLIO

Events

MUDARABAH AGREEMENT WITH GHAZANFAR BANK

Microfinance Investment Support Facility for Afghanistan (MISFA) signed a Mudarabah agreement with Ghazanfar Bank on May 19, 2024. Under this agreement,...

Meeting with DAB (Da Afghanistan Bank)

Mr. Amjad Arbab, the Chairman of MISFA's Board; Mr.Khalil Baheer, MISFA's Managing Director and Mr. Stephen Rasmussen, CAEDO's Chairman of...

ISLAMIC FINANCE TRAINING

MISFA conducted a three-days Islamic Finance training for its partner MFIs, AMA and MISFA staff.The training covered a wide range...

MISFA Board of Directors met UNAMA

MISFA Board of Directors met with Ms. Roza Isakovna Otunbayeva; Special Representative of the Secretary-General for Afghanistan and Head of...

MISFA’s 36th Board of Directors Meeting

MISFA’s 36th Board of Directors meeting was held in Kabul on January 30, 2022. The Board approved several key documents...

COMMISSIONED RESEARCH

MICROFINANCE SERVICES IN AFGHANISTAN

Impact Assessment Report

No Household Left Behind

Afghanistan Targeting the Ultra Poor Impact Evaluation

TUP Economic Impact Evaluation

TUP Economic Impact Evaluation Report in Bamyan Province

MUTAHID’s MURABAHA PRODUCT CASE STUDY

Mutahid’s Murabaha Product (Individual & Group) Case Study

Demand Assessment for Sharia-based Financial Products

Findings from Research in Herat, Jalalabad, Kabul, and Mazar-e Sharif

Microfinance in Afghanistan

Baseline and initial impact study for MISFA

Latest Blog

Mutahid Development Finance Institution

As part of the ongoing consolidation of the microfinance sector of Afghanistan, MISFA is facilitating the merging of the strengths,...

Afghan Microfinance Sector Hits 1 Billion Dollar Mark

Press Release The microfinance sector of Afghanistan has reached a milestone, disbursing a combined total of more than US$1 billion...

Study assesses demand for Sharia-based financial products

A recently completed research assesses the demand for Sharia-based financial products and services by potential borrowers in urban and rural...

Afghan Returness Forgetting Fear, Finding Fortune

A joint study conducted by the United Nations High Commission for Refugees (UNHCR) and BRAC show that contrary to their...

Lessons from the field: “It takes a village…”

Lack of coordination and communication among stakeholders at the field level has been

Our Partners