Finance Microlending in Rural Afghanistan
Support poor Afghanistan family
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Summary
CHF is one of the only agencies working to empower low-income families by providing microcredit loans averaging about $300—many to women—in Afghanistan’s rural areas.
This project is no longer accepting donations. |
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More Information About this Project
Project Needs and Beneficiaries
After 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.
Activities
Since 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 Information
This project has been retired and is no longer accepting donations.
Additional Documentation
This project has provided additional documentation in a PDF file (projdoc.pdf).
Resources
Why this Project is Important
Potential Long Term Impact
Consider: $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.
- Kofi Annan, Former UN Secretary General
Who is Running This Project
Contact
Erin Mote
Manager of Resource Development
8601 Georgia Ave
Suite 800
Silver Spring, MD 20910
United States
301-587-4700
Email:
Project Sponsor
Organization
CHF International
8601 Georgia Ave, Suite 800
Silver Spring,
MD
20910
United States
301-587-4700
http://www.chfinternational.org
CHF International's Current Projects on GlobalGiving
CHF International's Funded Projects on GlobalGiving
Where this Project is Located
Country
This project is located in 
Afghanistan
and can also be found under 
Economic Development.
For more information about Afghanistan, read the Human Development Report on Afghanistan or the Wikipedia entry for Afghanistan.
When this Project was Updated
Last Updated
This project was last updated on February 12, 2009.
Date Added to GlobalGiving
This project was added to the GlobalGiving project catalog on February 20, 2007
Latest Update from the Field
CHF/Afghanistan Introduces New Loan Product
By Nussi Abdullah - Program Development Officer, February 12, 2009 09:53 PM
Throughout, AMFI clients have successfully maintained a near 100% on-time repayment rate, a remarkable testament to the positive impact a small investment of capital can have on the long-term economic security of low-income entrepreneurs.
Support for this project from GLobal Giving will allow CHF to expand its services to reach even more clients.
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