MFI Report

Mutahid (meaning United in local language) Development Finance Institution (MUTAHID) was established on April 1, 2011. It aims to offer financial services to, and create opportunities for, Afghan entrepreneurs, through an operationally self-sustainable, innovative, development finance institution. Initially three MFIs namely Microfinance Agency for Development and Rehabilitation of Afghan Communities (MADRAC), Parwaz Microfinance Institution (PARWAZ) and Mofad Microfinance Company (MOFAD) were consolidated. Later, in early June 2011, two MFIs namely Women for Women International Microfinance Afghanistan (WWI) and Ariana Financial Services (AFS) consolidated into MUTAHID. Microfinance Investment Support Facility for Afghanistan (MISFA) is supporting MUTAHID directly by providing direction, capacity building and financial resources and while a division of MISFA is run as a separate autonomous operating entity. The management of MUTAHID is ensuring the orderly and judicial transfer of good clients, quality staff and assets of the consolidating institutions. Apart from extending loans, MUTAHID is actively pursuing collections of bad debts of the consolidating MFIs on a feasibility basis Hide