Following are MISFA’s implementing partners:
The First MicroFinance Bank, Afghanistan (FMFB-A) started operations in 2004 and has been a MISFA partner since 2007. FMFB-A is part of the Aga Khan Agency for Microfinance (AKAM), which has financial institutions operating in over 15 countries throughout the developing world. It is affiliated with the Aga Khan Development Network (AKDN), a group of nine development agencies working in health, education, culture and rural economic development primarily in Asia and Africa. FMFB-A provides credit and deposit products to a wide range of clients including micro, small and medium enterprises along with commercial banking, international and domestic remittance services. FMFB-A’s credit activities focus on micro enterprises, small businesses and the creation of productive sources of income and employment.
FMFB-A’s primary objective in Afghanistan is to contribute to poverty alleviation and economic development through the provision of sustainable financial services to the poor and underserved. Since 2016, it is a member of the Global Alliance for Banking on Values (GABV) – an independent network of banks using finance to deliver sustainable economic, social and environmental development. FMFB-A’s values-based banking agenda focuses on providing affordable financial services that promote entrepreneurship, agriculture, incremental housing and clean energy in Afghanistan.
FMFB-A is currently the largest microfinance institution in Afghanistan in terms of scope and outstanding portfolio size. The bank has a network of 38 branches, covering 14 provinces.
Mutahid Development Finance Institution was established in 2011. Its creation facilitated the smooth consolidation of the best clients, staff, and resources of microfinance institutions, which exited the sector. As such, it is well placed to incorporate best practices and lessons learned from the past. MISFA provides significant support to Mutahid and believes that with its strong management and core principles of ethics, ideas and hard work, it could be a sustainable, model entity, contributing to the growth of development finance in Afghanistan.
OXUS Afghanistan was created in 2007 with funding from the Microfinance Investment Support Facility for Afghanistan (MISFA).
OXUS Afghanistan is a part of the OXUS Development Network, a global network of Microfinance Institutions created by ACTED, a leading international NGO operating in 25 countries with headquarters in France. OXUS Afghanistan began operations in January 2007 and currently operates in 10 provinces across Afghanistan through its 19 service outlets.
FINCA Afghanistan started operations in 2004 with the support from FINCA International (US based parent company) then followed by MISFA and ARIES, a USAID funded project. FINCA Afghanistan offers a wide array of credit products, including individual and solidarity group loans all of which can be accessed through conventional lending or Islamic financing. Headquartered in Kabul, FINCA Afghanistan operates through 22 branches and 11 provinces. FINCA Afghanistan is helping clients in the informal economy create their own jobs and build small businesses. Majority of these clients are female borrowers with fewer economic and employment opportunities. FINCA Afghanistan is dedicated to helping clients build successful businesses while ensuring that they are protected from unnecessary risks through its commitment to client protection standards.
FINCA Afghanistan Website