The Microfinance Investment Support Facility for Afghanistan (MISFA) was set up in 2003 at the invitation of the

Afghan government The government of Afghanistan, officially called the Islamic Emirate of Afghanistan and informally known as the Taliban government, is the central government of Afghanistan, a unitary state. Under the leadership of the Taliban, the government is ...

to streamline collection of donor money and avoid pitfalls arising from conflicting donor interests that had been seen in other post-conflict situations. It was established as a vehicle through which the

Afghan Afghan or Afgan may refer to: Related to Afghanistan *Afghans, historically refers to the Pashtun people. It is both an ethnicity and nationality. Ethnicity wise, it refers to the Pashtuns. In modern terms, it means both the citizens of Afghanist ...

government and international donors could channel technical assistance and funding to build Afghanistan's

microfinance Microfinance consists of financial services targeting individuals and small businesses (SMEs) who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; saving ...

sector. In March 2006, MISFA registered as a

limited liability Limited liability is a legal status in which a person's financial Legal liability, liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture. If a company that provides limi ...

non-profit company A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

whose sole shareholder is the Ministry of Finance of the Islamic Republic of Afghanistan. MISFA Ltd is an independent apex organization with a number of implementing partners on the ground. In most cases, MISFA functions as either the exclusive or primary provider of funds to its partners. The legal status of MFIs has been transformed from

NGO A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...

s to that of non-profit companies registered with the Afghanistan Investment Support Agency (AISA), as permanent institutions under the

law of Afghanistan The law in Afghanistan is the uncodified Sharia (Islamic law), interpreted according to the Hanafi jurisprudential school. The ruling Taliban has maintained a strict Hanafi-only approach, ignoring enumeration of international rights, that bears ...

External links

Microfinance Investment Support Facility for Afghanistan (MISFA)

Afghanistan Microfinance Association (AMA)

Tikkun Olam Micro-Finance (T-O-M)
Microfinance organizations Non-profit organisations based in Afghanistan Organizations established in 2003 2003 establishments in Afghanistan {{Afghanistan-org-stub