Added: 9 April 2019
Area / District: 10th Area
Phone: +93 (0) 791153637
FINCA is a not-for-profit microfinance organization. For the past 25 years, FINCA has sought to break the cycle of poverty in the world’s most desperate communities by providing small loans, savings programs, insurance protection, and other financial services to the working poor. By providing financial services to the world’s lowest-income entrepreneurs in 21 countries across Africa, Eurasia, the Greater Middle East and Latin America, FINCA products and services enable clients to create jobs, build assets and improve their standard of living.
FINCA Afghanistan began operations in Herat in 2004, in Kabul and Nangarhar in 2005, and in Parwan and Laghman in early 2006, Balkh and Kunar in late 2006, and Kunduz in 2007. The program focuses outreach on women, ethnic minorities, and returning refugees.
In the most fundamental terms, microfinance is the brilliantly simple idea that small loans and other financial services, made available to individuals at the local level, can add up to big changes, globally, for billions of people.
For most poor people in the developing world, access to traditional financial services is simply not an option. Microfinance organizations, like FINCA, make small loans available to these hardworking individuals so the can begin, or expand, small businesses, and seek to improve their families’ quality of life. A steady income can allow a family to eat more often and add more nutritious foods to their diet; make improvements to their home; access healthcare services when needed; and, most important, keep children in school, an almost certain guarantee of a future lived outside of extreme poverty.
The mission of FINCA is to provide financial services to the world’s lowest-income entrepreneurs so they can create jobs, build assets and improve their standard of living.
Financial Services for low-income entrepreneurs in Afghanistan:
– Islamic loans
– Business Murabaha Agreement (individual loan)
– Women Murabaha Group (group loan for female)
– Small Enterprise Loan (individual loan).