Bank Profile

Our primary objective in Afghanistan is to contribute to poverty alleviation and economic development by providing sustainable financial services to the poor and underserved. Since 2016, we have been a member of the Global Alliance for Banking on Values (GABV) – an independent network of banks using finance to deliver sustainable economic, social, and environmental development. Our values-based Banking plan focuses on providing affordable Islamic financial services that promote entrepreneurship, agriculture, incremental housing, and clean energy in Afghanistan.

FMFB-A seeks to consolidate its position as the most efficient Islamic bank in Afghanistan in terms of coverage and provision of Shari’ah-compliant products and services to Individuals, Entrepreneurs, Microfinance businesses, SMEs, and Corporates in Afghanistan.

The First Microfinance Bank – Afghanistan (FMFB-A) started its operation in 2004 and is part of the Aga Khan Agency for Microfinance (AKAM), which has financial institutions operating in over 15 countries throughout the developing world. It is affiliated with the Aga Khan Development Network (AKDN), a group of nine development agencies working in health, education, culture, and rural economic development, primarily in Asia and Africa.

As of February 2022, FMFB-A, with over AFN 3.6 billion (60% market share), is the Gross Loan Portfolio (GLP) market leader. The Bank has over 155,871 active clients – including borrowers and savers who do not necessarily save to accumulate assets but often seek to smooth consumption when a family’s income is irregular.