MISFA

MISFA

The Microfinance Investment Support Facility for Afghanistan (MISFA) is a national microcredit program in Afghanistan. MISFA was launched by the Government of Afghanistan in June 2003 as a multi-donor microfinance wholesale facility to build the microfinance sector of Afghanistan.

MISFA enables low-income earners in Afghanistan to have access to microcredit in order to generate income and meet their consumption needs. MISFA has been providing investment funds to a wide range of NGO-led microfinance institutions (MFIs) that are committed to providing financial services to the poor and vulnerable of Afghanistan.

The MISFA currently has about 15 partner MFIs that in turn provide a range of financial services in Afghanistan, including loans for income generation and enterprise development, savings services, and consumer loans to low-income people, particularly women. MISFA also serves as a source of training and technical assistance, as well as a mechanism for networking, sharing information, lobbying, and advocacy on behalf of the industry.

Major partner MFIs include BRAC Afghanistan, FINCA Afghanistan and Aga Khan Development Network's Afghanistan Rural Microcredit Programme (ARMP).

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