MFI ReportPartnerships
| Name | Relationship |
|---|---|
| AKAM | Network Affiliation |
-
55.0 million44,8861,224.4123.1 million175.5 million48,115
Mission:
FMFB’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
The Bank’s ... Read more
The Bank’s ... Read more
FMFB’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
The Bank’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele. Hide
The Bank’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele. Hide
Background and Main Challenges:
Background: For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by ... Read more
These institutions, which are now administered by ... Read more
Background: For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 12 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
Following the collapse of the Taliban regime in Afghanistan, AKDN established the Emergency Microcredit Programme and the Rural Microcredit Programme, each of which was aimed at improving the economic security of the population and offering credit for start-ups, re-starts and the expansion of income-generating activities.
Starting from 2003, the urban microcredit activities of the programmes were institutionalized into the First MicroFinance Bank. FMFB-A was the first private commercial bank to be licensed and incorporated in Afghanistan in 2003.
Since inception, the Bank has grown rapidly and is now operating 13 branches in 7 provinces. FMFB-A has disbursed a total amount of USD 60 million to over 40,000 borrowers.
Challenges: The Bank’s challenges are:
1) Providing a range of microfinance products to the poor, throughout Tajikistan and contributing to innovation in the local banking sector;
2) Extending outreach to the provinces by expanding the network of district offices; and
3) Developing local human resources. Hide
These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 12 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
Following the collapse of the Taliban regime in Afghanistan, AKDN established the Emergency Microcredit Programme and the Rural Microcredit Programme, each of which was aimed at improving the economic security of the population and offering credit for start-ups, re-starts and the expansion of income-generating activities.
Starting from 2003, the urban microcredit activities of the programmes were institutionalized into the First MicroFinance Bank. FMFB-A was the first private commercial bank to be licensed and incorporated in Afghanistan in 2003.
Since inception, the Bank has grown rapidly and is now operating 13 branches in 7 provinces. FMFB-A has disbursed a total amount of USD 60 million to over 40,000 borrowers.
Challenges: The Bank’s challenges are:
1) Providing a range of microfinance products to the poor, throughout Tajikistan and contributing to innovation in the local banking sector;
2) Extending outreach to the provinces by expanding the network of district offices; and
3) Developing local human resources. Hide
Address:
Second Floor, Park Plaza
Main Shahr-e-Naw Road
Kabul
Afghanistan
Phone:
+93 (0) 798 363 223-5
Email:
info [at] fmfb [dot] com [dot] af
Main Funding Sources:
Grants
Loans
Savings
Shareholder Capital
Products and Services:
Loans
Voluntary Savings
Fund Transfer Services
Products:
Currency Exchange and payment services
Services Provided:
Full-scale Financial Services
Looking for (Investment Types):
Equity
Loans in Local Currency
Donations
Guarantees
Capacity Building Grants
% Operations Comprised by MF:
91 - 100
Date established:
Mar 18 2004
FYE:
31-Dec
Current Legal Status:
Bank
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Abdul Karim HaidarHead of Microfinancekarim [dot] haidar [at] fmfb [dot] com [dot] af+93 0799 335 601
-
Muslim ul-HaqCEOmuslim [dot] haq [at] fmfb [dot] com [dot] af+93 0799 322 765
