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
Dr Ziyaad is Associate Professor, Lead Researcher (Shariah) for the Centre of Excellence in Social Finance, and Head of Online Programs at INCEIF University. He is the former Associate Dean and Director of Executive Education and of E-learning at the same university. Dr Ziyaad has advised financial institutions and regulators in Islamic finance, Read More
Assoc Prof Dr Ziyaad Mahomed - Member
Armando Massimiliano Sirolla is a senior executive with over 20 years of experience in finance, policy and digital transformation, including almost 15 years in C-Suite positions at financial institutions in Afghanistan, Madagascar, Tanzania and Zambia. A fintech and business professional, who has led digital transformations for … Read More
Armando Massimiliano Sirolla - Member
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. In addition, Mr. Mahmood has served in the Board of Directors of … 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 (FEC) in the biggest Mall of Kabul city Gulbahar Center, Read More
Tamoor Shah Habibi - MemberOutreach as of February 2024
ACTIVE BORROWERS
WOMEN BORROWERS
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Events
Mr. Amjad Arbab, the Chairman of MISFA's Board; Mr.Khalil Baheer, MISFA's Managing Director and Mr. Stephen Rasmussen, CAEDO's Chairman of...
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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