Finance Microlending in Rural Afghanistan
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Share & SaveMore Information About this ProjectProject Needs and BeneficiariesAfter years of war and conflict, Afghanistan remains a country in transition. One of the most critical factors impacting the nation’s economic recovery is limited access to financial services and capital for its people—particularly in the rural areas. For thousands of low-income rural men and women, the needs range from funding to build homes for the large numbers of refugees and displaced people, to opportunities to engage in income-generating activities for more settled groups. ActivitiesSince its launch in 2004, the program has issued loans to 3,200 clients, lending out more than $1.5 million. For the borrowers, this small loan can help increase income by 70%, making a significant difference in quality of life for the whole family. Funding InformationTotal Funding Received to Date: $695 Additional DocumentationThis project has provided additional documentation in a PDF file (projdoc.pdf). ResourcesWhy this Project is ImportantPotential Long Term ImpactConsider: $1,000 can provide 3 people loans to develop their small businesses. Given the program’s repayment rate, that entire amount can be re-loaned to an additional 6 people in 3 years, generate more than $36,000 in extra income for poor families. Project Message
The great challenge before us is to address the constraints that exclude people from full participation in the financial sector. Who is Running This ProjectContact
Erin Mote, Project SponsorOrganization
Learn more about CHF International and the project team. CHF International's Current Projects on GlobalGivingWhere this Project is LocatedCountry
This project is located in For more information about Afghanistan, read the Human Development Report on Afghanistan or the Wikipedia entry for Afghanistan. When this Project was UpdatedLast UpdatedThis project was last updated on February 06, 2008. Date Added to GlobalGivingThis project was added to the GlobalGiving project catalog on February 20, 2007. Latest Update from the FieldCHF/Afghanistan Introduces New Loan ProductBy Nussi Abdullah - Program Development Officer, February 06, 2008 04:20 PM
With more than 11,600 loans issued since its inception in March 2004, CHF’s Afghanistan Microfinance Institution has issued more than $6 million in small loans to give rural Afghans the funds they need to expand their livelihoods. In the Fall of 2007, CHF launched a new loan product allowing clients to take out loans specifically to enhance their agricultural and livestock activities. Rural clients use this loans--which average at around $250--allow clients to purchase sheep, cows, or chicken, livestock that helps them enhance their household asset base, produce food for better nutrition, and earn additional income. Comment on this update
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