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Guests are not required to login during this beta-testing phase </div> </div> </div> </div> <div id="content"> <div id="center"> <div class="breadcrumb"><a href="/web/20110614181228/http://www.ismaili.net/heritage/">Home</a></div> <h2>AKFED to Set Up Afghanistan'sFirst Microfinance Bank - 2003-09-18</h2> <div class="node"> <span class="submitted">Posted February 25th, 2010 by heritage</span> <div class="taxonomy"> in <ul class="links inline"><li class="first taxonomy_term_1831"><a href="/web/20110614181228/http://www.ismaili.net/heritage/taxonomy/term/1831" rel="tag" title="" class="taxonomy_term_1831">News Article</a></li> <li class="taxonomy_term_1832"><a href="/web/20110614181228/http://www.ismaili.net/heritage/taxonomy/term/1832" rel="tag" title="" class="taxonomy_term_1832">Press Release</a></li> <li class="taxonomy_term_1850"><a href="/web/20110614181228/http://www.ismaili.net/heritage/taxonomy/term/1850" rel="tag" title="" class="taxonomy_term_1850">Afghanistan</a></li> <li class="taxonomy_term_2125"><a href="/web/20110614181228/http://www.ismaili.net/heritage/taxonomy/term/2125" rel="tag" title="" class="taxonomy_term_2125">Kabul</a></li> <li class="last taxonomy_term_1734"><a href="/web/20110614181228/http://www.ismaili.net/heritage/taxonomy/term/1734" rel="tag" title="" class="taxonomy_term_1734">English</a></li> </ul></div> <div class="content"> <div class="field field-type-nodereference field-field-news"><div class="field-items"><div class="field-item"><div class="field-label-inline-first">Go To News Event: </div><a href="/web/20110614181228/http://www.ismaili.net/heritage/node/11990">FOREIGN BANK IN AFGHANISTAN - 2003-09-17</a></div></div></div><div class="field field-type-date field-field-date-0"><div class="field-items"><div class="field-item"><div class="field-label-inline-first">Date: </div><span class="date-display-single">Thursday, 2003, September 18</span></div></div></div><div class="field field-type-text field-field-location"><div class="field-items"><div class="field-item"><div class="field-label-inline-first">Location: </div> </div></div></div><div class="field field-type-text field-field-source"><div class="field-items"><div class="field-item"><div class="field-label-inline-first">Source: </div>akdn.org</div></div></div><p>The Aga Khan Fund for Economic Development (AKFED) today received a banking licence for The First MicroFinanceBank (FMFB). The institution, with an initial capital of<br/> US$ 5 million, will be the first of its kind to be established under the country's new regulatory structure.</p> <p>AKFED, the majority shareholder in the new bank, has mobilised international resources to help create an institution focused on poverty alleviation and that has a strong regional presence. The International Finance Corporation (IFC) is expected to take a 19% share in the Bank. The Kreditanstalt f</p> </div> <div class="links"> <ul class="links inline"><li class="first last statistics_counter"><span class="statistics_counter">1098 reads</span></li> </ul> </div> </div> <div id="comments"></div> <span class="clear"></span> <p><a href="#top" class="to-top">Back to top</a></p> </div> <div id="sidebar-right" class="sidebar"> <div id="block-relatedlinks-3" class="block block-relatedlinks"> <div class="blockinner"> <h2 class="title"> Similar links </h2> <div class="content"> <div class="item-list"><ul><li><a href="/web/20110614181228/http://www.ismaili.net/heritage/node/26261">AKFED-Led Consortium Wins Afghan Telecom Licence - 2002-10-07</a></li><li><a href="/web/20110614181228/http://www.ismaili.net/heritage/node/26144">Agha Khan and Karzai sign agreement in Kabul - 2002-03-23</a></li><li><a href="/web/20110614181228/http://www.ismaili.net/heritage/node/26094">Press Release - AGA KHAN ATTENDS INAUGURATION OF PRESIDENT KARZAI</I> - 2004-12-07</a></li></ul></div> </div> </div> </div> </div> </div> <div id="sidebar-left" class="sidebar"> <div id="block-block-18" class="block block-block"> <div class="blockinner"> <h2 class="title"> </h2> <div class="content"> <p><b><a href="https://web.archive.org/web/20110614181228/http://ismaili.net/heritage/newsevents_sortarticles">Search News Articles</a></b></p> </div> </div> </div> <div id="block-user-1" class="block block-user"> <div class="blockinner"> <h2 class="title"> Quick Navigation </h2> <div class="content"> <ul class="menu"> <li class="leaf"><a href="/web/20110614181228/http://www.ismaili.net/heritage/guestbook">Guestbook</a></li> <li class="leaf"><a href="/web/20110614181228/http://www.ismaili.net/heritage/tracker" title="Recent content">Recent Posts</a></li> </ul> </div> </div> </div> </div> </div> <div id="footer"> F.I.E.L.D - First Ismaili Electronic Library and Database. 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