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, is the central government of Afghanistan, a unitary state. Under the leadership of the Taliban, the government is a theocracy and an emirate with political powe ...
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 may refer to:
*Something of or related to Afghanistan, a country in Southern-Central Asia
*Afghans, people or citizens of Afghanistan, typically of any ethnicity
** Afghan (ethnonym), the historic term applied strictly to people of the Pas ...
government and international donors could channel technical assistance and funding to build Afghanistan's
microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...
sector.
In March 2006, MISFA registered as a
limited liability
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to it ...
,
non-profit company
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
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) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in h ...
s to that of non-profit companies registered with the
Afghanistan Investment Support Agency
Afghanistan Investment Support Agency (AISA; ps, د افغانستان د پانګې اچونې د ملاټر اداره / fa, اداره حمايه سرمايه گذاری افغانستان) was established in September 2003 as an agency
Agen ...
(AISA), as permanent institutions under the
law of Afghanistan
The legal system of Afghanistan consists of Islamic, statutory and customary rules. It has developed over centuries and is currently changing in the context of the rebuilding of the Afghan state. The supreme law of the land is the Sharia. In ad ...
.
Related external links
Microfinance Investment Support Facility for Afghanistan (MISFA) website
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
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