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USAID Supports Afghan Financial Institutions through Agricultural Development Fund

USAID Supports Afghan Financial Institutions through Agricultural Development Fund

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Apr 05, 2016 - 13:50

Kabulinfo-icon, Afghanistaninfo-icon–The United States Agency for International Development (USAIDinfo-icon) Agricultural Credit Enhancement Program - II (ACE-II),in collaboration with the Ministry of Agricultureinfo-icon, Irrigation, and Livestock (MAIL) is supportingthe Agricultural Development Fund (ADF) to provide long-term loans for the First Microfinance Bank (FMB) and the Afghan Rural Finance Company (ARFC) to fund expansion of their lending activities to Afghan farmers and to small- and medium-size agribusinesses. Through this program, each financial institution is receiving a $3 million loan.

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