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
Mr. Arbab has been working in the development and commercial banking sectors for the past 40 years, with a focus on financial inclusion, SME, Agriculture and digital finance. He has served as Senior Advisor, South Asia with CGAP/World Bank, Regional Director at Enclude, a global advisory firm that is supporting financial inclusion. Read More
Amjad Ali Arbab - Chairman
Mr. Bijan is a senior banking executive and advisor with more than 16 years of experience in the MSME sector development and 8 years of executive management experience in regulated and non-regulated financial institutions in Latin America, MENA region, East Africa and Eurasia regions. Read More
Bijan Osburg - Member
Ms. Frances Toomey Mys is a development finance expert with over 25 years’ practical and comprehensive international experience building and growing financial institutions’ financial and business development services targeted to micro, small and medium-sized enterprises. Read More
Frances Toomey Mys - Member
Mr. Nasratullah Mahmood is currently serving as General Director of Treasury at Ministry of Finance (MoF). He has served at several senior level positions including the Director of External Affairs at MoF. Mr. Mahmood has strong academic background as well and was a lecturer in Islamic University. Read More
Nasratullah Mahmood - Member
Mr. Tamoor Shah Habibi is representing the private sector of the country in this board, he has been involved in the private sector of Afghanistan from past 20 years. He is an entrepreneur of the amusement industry by opening the first ever Family Entertainment Center… Read More
Tamoor Shah Habibi - MemberOutreach as of May 2023
ACTIVE BORROWERS
WOMEN BORROWERS
LOAN OUTSTANDING PER BORROWER
GROSS LOAN PORTFOLIO
Events
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 with Ms. Roza Isakovna Otunbayeva; Special Representative of the Secretary-General for Afghanistan and Head of...
MISFA’s 36th Board of Directors meeting was held in Kabul on January 30, 2022. The Board approved several key documents...
MISFA signed its first Sharia-Compliant (Mudarabah) agreement with OXUS-AF on January 05, 2023. Under this agreement, MISFA will be the...
COMMISSIONED RESEARCH
Latest Blog
As part of the ongoing consolidation of the microfinance sector of Afghanistan, MISFA is facilitating the merging of the strengths,...
Press Release The microfinance sector of Afghanistan has reached a milestone, disbursing a combined total of more than US$1 billion...
A recently completed research assesses the demand for Sharia-based financial products and services by potential borrowers in urban and rural...
A joint study conducted by the United Nations High Commission for Refugees (UNHCR) and BRAC show that contrary to their...
Lack of coordination and communication among stakeholders at the field level has been
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