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With MISFA's support, the FMFB-A, which operates in 13 provinces, is able to offer financial services to smaller businesses, which would otherwise have difficulty in securing loans due to their size.
The $32 million would provide continuing support to the microfinance sector through MISFA and to the scale up of the Targeting the Ultra Poor programme which provides technical and financial support to poorest households to help them graduate out of extreme poverty.
The Afghanistan Access to Finance Project aims to achieve the results by 2018 including MISFA's partner microfinance institutions would count over 100,000 borrowers and the Credit Guarantee Facility would provide guarantee coverage to over 1,500 loans to small and medium enterprises.
Mr MacQueen was the outgoing director of MISFA and had been in Afghanistan since June 2003 working on the pilotproject for the government.
MISFA, which is funded bya trust administered by the World Bank, gives poor Afghans access to financial services.
IDA and ARTF also provide financial support to MISFA, which aims to contribute to Afghanistan's economic growth by developing a viable, inclusive financial sector for the poor, and the underserved small and medium enterprises.
Ministries of haj, telecommunications and information technology, justice, rural rehabilitation and development, borders and tribal affairs, directorate for Kuchis and Microfinance Investment Support Facility for Afghanistan (MISFA) used over 50 percent of their budgets.
On the cultural and heritage side, Reto was stunned by the primeval beauty of places like Bahla, Al Hamra and Misfa Al Abriyeen.
Rural Rehabilitation and Development Director, Ahmad Wali Hakimi, told participants of a workshop that the loans had been provided under the Microfinance Investment Support Facility for Afghanistan (MISFA).
ARTF-supported national priority programmes such as the National Solidarity Programme (NSP), the National Rural Access Programme (NRAP) and Microfinance Investment Support Facility (MISFA) have delivered impressive results.
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