MISFA Signs a Funding Agreement with Hassel

June 08, 2026 – Kabul; MISFA signed a funding agreement with Hassel, a microfinance institution (MFI) specializing in agricultural and livestock financing. Under the agreement, MISFA will provide AFN 200 million in Mudarabah capital to Hassel for a period of two years with a possibility of extension subject to compliance with the regulation and sector’s performance standards.
The funding will help the micro, small and medium-sized agribusinesses in procuring better quality agricultural inputs, acquiring solar panels, as well as constructing retaining walls and undertaking other measures to enhance productivity, mitigate climate related risks and adapt to climate change.  
Agriculture remains the backbone of Afghanistan’s economy and employs over 40% of Afghanistan’s workforce and supports the livelihoods of the majority of the rural population. At the same time, Afghanistan is one of countries considered most vulnerable to climate change and climate-related disasters. Therefore, agricultural financing plays a critical role in the sustainable economic development of the country.
Given the importance of climate-smart financing and the country’s vulnerability to climate-related disasters, MISFA has proactively focused on this area and requires its partner institutions to allocate at least 5% of MISFA’s funding to climate-smart businesses and initiatives that support the mitigation of and adaptation to climate-related risks.
Furthermore, MISFA intends to initiate a number of interventions under its Corporate Social Responsibility (CSR) and Zakat framework to help address climate-related challenges.
Hassel was established in November 2024. As of end May 2026, the institution operated across 18 provinces with an outstanding portfolio of more than AFN 403 million and 1084 active Islamic financing clients. Hassel’s mission is to improve the lives of farmers and rural population through agricultural financing.
With the inclusion of Hassel, MISFA’s partner financial institutions increased to nine (six MFIs, two commercial bank, and one microfinance bank), collectively serving over 68,500 active clients as of the end of April 2026. With more than AFN 5.6 billion investment, MISFA remains the largest financier of the microfinance and SME sector in Afghanistan.