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MISFA participates in Access To Finance (A2F) Exhibition
Latest Publications

MISFA Annual Report
For The Year Ended 31 Mar 2013

MISFA e-Newsletter
August 2014
Newsletter August 2014


Four decades of war and instability have driven millions of Afghans to leave their homes and take refuge in neighboring countries, Iran and Pakistan, Marzia’s family was no exception. Read More
Razia’s family migrated to Iran during the civil war, but unlike other immigrants, she had very little to complain about. She focused on acquiring and perfecting sewing and embroidery skills while there and was eventually being paid enough to support her family making wedding dresses for Iranians. Read More
sector update
As of 31 August 2014
79,542 Active Borrowers
Women Borrowers
Gross Loan Portfolio
Loan Outstanding per Borrower
Operational Self-Sufficiency
Download the Full Report
A number of rural women in Bamyan—some used to beg for food—have recently become livestock owners with access to markets, a good standing in their communities, and income-generating skills that they have used to grow their assets. Read More
A recently completed research assesses the demand for Sharia-based financial products and services by potential borrowers in urban and rural settings in the provinces of Herat, Kabul, Jalalabad and Mazar-e Sharif. The study was conducted by APPRO ( and commissioned by MISFA. Read More
The microfinance sector of Afghanistan has reached a milestone, disbursing a combined total of more than US$1 billion to hundreds of thousands of Afghans since its official creation in 2003. This milestone, was achieved at the end of January 2011, according to the Microfinance Investment Support Facility for Afghanistan (MISFA). Read More
As part of the ongoing consolidation of the microfinance sector of Afghanistan, MISFA is facilitating the merging of the strengths, talents and other assets of three microfinance institutions—MADRAC, MOFAD and PARWAZ—into one new entity called Mutahid (United)Development Finance Institution. Read More
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