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June 30, 2008: First Commercial Bank loan to MFI in Afghanistan, Press Release English Dari

June 8, 2008: $30 million Afghan government loan to MISFA, Press Release English Dari

May 2008: Microfinance Sector update click here

 

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Latest (May 08)  English Dari


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MISFA was set up 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 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. MISFA has made it a priority for partner institutions to ensure strict financial discipline with a focus on improving their own efficiency. The facility is committed to supporting MFIs that will be operationally sustainable by their fifth year and will no longer require grant funding more.

 

Case story: The story of a true survivor!

 Lashkargah City, Helmand: Enzar Gull is member number 96 of the Helmand Islamic Investment and Finance Cooperative (HIIFC) established by the World Council of Credit Unions (WOCCU). He was able to borrow from the IFC Afs 25,000 last December 10, 2007 with a term of six (6) months and his loan would be due supposedly on June 10, 2008, however he was able to pay his loan in full after four (4) months only.

What is amazing is that Enzar Gull is physically handicapped. He lost both his legs, left arm and two right hand fingers due to a land mine that struck him in Greshk way back in year 1996 when he was still 23 years old. But this did not dampen his spirit. Instead of resorting to begging, he overcame his situation by living a normal life and engaging into income generating activities just like what the normal people are doing. He worked as gardener in the emergency hospital before and in an international NGO here in Lashkar Gah and he converted his one jareeb land near his house in Kariz into a flowering and ornamental plants nursery that becomes his additional source of income to support his wife and two (2) children. more

 
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