Project detail - THE FIRST MICROFINANCEBANK AFGHANIS

THE FIRST MICROFINANCEBANK AFGHANIS

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Who is our client

FMFB-A is the largest MFI and among the top five commercial banks in Afghanistan operating across 76 districts and 14 provinces with 48 outlets serving 55,000 borrowers and 115,000 depositors. A long-standing client of FMO and MASSIF, FMFB-A is recognized for its values-led commitment to financial inclusion, emphasis on sustainable development and safeguarding the environment. FMFB-A is the first in the country and fourth in Asia to become a member of the Global Alliance for Banking on Values (GABV), of which FMO is also a member. In 2016, FMFB-A introduced the first female branch in Afghanistan providing financial services to women.

Funding objective

FMO's long term financing will enhance the balance sheet of the institution through diversified and stable funding. FMFB-A projects to grow rapidly in the coming years, mainly in the MSME sector and funding is required to finance the institution's growth.

Why we fund this project

FMO through MASSIF supports a financially sound institution that is a leading financial services provider in one of the most non-inclusive parts of the world. FMFB-A contributes to poverty alleviation and economic development through the provision of sustainable financial services to micro and small businesses, and households.

More investments

Date Total FMO financing
12/14/2021 EUR 0.23 MLN
7/22/2019 EUR 3.50 MLN
Region
Asia
Country
Afghanistan
Sector
Financial Institutions
Signing date
7/25/2017
Total FMO financing
USD 5.00 MLN
Fund
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C