MFI Report-
220,120.0780282.20.0——
Mission:
The overall objective of MADRAC is to support and uplift livelihoods of households below the poverty line. MADRAC is especially targeting women, landless labourers, migrant labourers, craftsmen and shop keepers through improved access to financial services.
Background and Main Challenges:
MADRAC means ‘source’ in Dari and Pashto, and is an abbreviation for Microfinance Agency for Development and Rehabilitation of Afghan Communities.
MADRAC is an MFI started by DACAAR, a consortium of three Danish NGOs. MADRAC works as a separate institution within DACAAR aiming at ... Read more
MADRAC is an MFI started by DACAAR, a consortium of three Danish NGOs. MADRAC works as a separate institution within DACAAR aiming at ... Read more
MADRAC means ‘source’ in Dari and Pashto, and is an abbreviation for Microfinance Agency for Development and Rehabilitation of Afghan Communities.
MADRAC is an MFI started by DACAAR, a consortium of three Danish NGOs. MADRAC works as a separate institution within DACAAR aiming at developing into an independent and financially self-sustained institution.
MADRAC was developed in cooperation with, and is financially supported by Microfinance Investment Support Facility for Afghanistan (MISFA) of the Afghan Ministry of Rural Rehabilitation and Development (MRRD).
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MADRAC is an MFI started by DACAAR, a consortium of three Danish NGOs. MADRAC works as a separate institution within DACAAR aiming at developing into an independent and financially self-sustained institution.
MADRAC was developed in cooperation with, and is financially supported by Microfinance Investment Support Facility for Afghanistan (MISFA) of the Afghan Ministry of Rural Rehabilitation and Development (MRRD).
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Address:
House # 3, Street 3. Old Taimani Square, District 4
Kabul
Afghanistan
Phone:
+93 (0) 799-308876
Email:
najib [dot] samim [at] madrac [dot] org
Website:
Products and Services:
Loans
Voluntary Savings
Products:
MADRAC is using a solidarity group lending methodology to deliver microfinance services. Groups of both men and women are formed consisting of 10-20 members. These groups meet every month to decide on aspects related to receiving financial services from MADRAC.
Financial services of ... Read more
Financial services of ... Read more
MADRAC is using a solidarity group lending methodology to deliver microfinance services. Groups of both men and women are formed consisting of 10-20 members. These groups meet every month to decide on aspects related to receiving financial services from MADRAC.
Financial services of MADRAC include savings and loan products:
Compulsory Savings are meant to strengthen group discipline as it requires each member to save on a regular basis.
Voluntary Savings are meant to provide members with the option to deposit surplus funds and help members save up and graduate to the larger loans.
Group General Loans are multipurpose, collateral free loans to individual group members under a group guarantee.
Group Enterprise Loans are multipurpose, partially collateralised group guaranteed loans targeting individuals with larger loan needs. Hide
Financial services of MADRAC include savings and loan products:
Compulsory Savings are meant to strengthen group discipline as it requires each member to save on a regular basis.
Voluntary Savings are meant to provide members with the option to deposit surplus funds and help members save up and graduate to the larger loans.
Group General Loans are multipurpose, collateral free loans to individual group members under a group guarantee.
Group Enterprise Loans are multipurpose, partially collateralised group guaranteed loans targeting individuals with larger loan needs. Hide
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 2004
FYE:
31-Mar
Current Legal Status:
NBFI
Regulated:
no
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
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Alexandra Strand HolmPublic Information Officera [dot] strand [dot] holm [at] dacaar [dot] org+93 (0) 799 33 77 53
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Wais ZahirPublic Info Officerpi [at] madrac [dot] org+93 (0) 700 29 44 38
