From the American People
The Financial Access for Investing in the Development of Afghanistan (FAIDA) program is helping the Afghan Government and the private sector develop a robust financial sector. FAIDA seeks to build the capacity of Afghan institutions to deliver finance, as well as develop a financial legal framework and market infrastructure that will foster economic growth and generate employment opportunities. FAIDA also directly assists Afghan women entrepreneurs by providing targeted business development, training, and mobile money support.
FAIDA Fact Sheet - Dec 2012 - FINAL
Mobile money is a “disruptive technology,” named as such because of its power to transform traditional economic development activities around the world. In Afghanistan, where less than 10 percent of the population has a bank account, but nearly 70 percent use mobile phones, USAID has a unique opportunity to increase access to financial services for the unbanked majority and build transparency into the financial system through the use of mobile money. With USAID support, mobile money is expected to increase access to efficient, transparent and low-cost alternatives to cash, while also rooting out corruption, improving governance, and undercutting financial threats to security. Mobile money has yet to achieve a sustainable scale in Afghanistan, but it shows much potential. For this reason, USAID is working closely with our local public and private partners to help educate consumers and explore ways to scale this promising technology. In 2013, USAID will expand its financial work to include all forms of electronic payment, including credit cards. This expansion will be implemented in partnership with the “Better Than Cash Alliance,” of which USAID is a founding member. Afghanistan will be the fifth country to join the alliance, which works to reduce cash payments for government salaries and services.
Mobile Money Fact Sheet - Dec 2012 - FINAL
Mobile Money University Contest:
This contest was held from April 18 through June 17, 2012 at 33 public and private universities across 18 provinces in Afghanistan.
Eight Afghan students were proclaimed winners of the nationwide senior university-students contest for innovative applications on mobile money.
The students with the winning entries received a cash prize of 250,000 AFN each, while their respective universities received five desktop computers with internet connections to be placed at the university libraries.
14 May 2013
Abdul Basir Hotak’s plans for Afghanistan’s cashmere sector include some evolution and a small revolution. Hotak, whose cashmere processing company supplies hand spun yarn to...
13 May 2013
Entrepreneurs from across Afghanistan flocked to the Access to Finance exhibition organized by the Afghanistan Banks Association with USAID support. Over the course of two...
20 February 2013
USAID's FAIDA Shamim (on the left) tries out the new treadmill she bought with the loan For Shamim and Mohammad Hafiz, microfinance...
13 January 2013
USAID's FAIDA Merajudin Amiri, Operations Manager of Tak Dana Food Processing Company, inspects their produce. Haji Eshan knew there was a huge...
13 December 2012
USAID's FAIDA Sima Tabib and Malika Qaneh “We are ready for the future! Maw tars nadaraim ( We are not afraid )”...
15 November 2012
USAID / FAIDA Zohra Kazimi displays her wares on the last day of the women’s financing workshop in Bamyan. Sharifa Ahmadzai’s wool...
16 October 2012
USAID / FAIDA Fruit and vegetable farmers from Parwan province proudly display their contract farming agreements after the signing ceremony on July 18, 2012....
13 September 2012
USAID/ FAIDA Masrour Food Production Company doubled its production capacity, bought a new delivery truck, and created 25 new jobs out of the Mushraka...
1 July 2012
A diverse group of 12 Afghan women entrepreneurs toured New Delhi in search of business partners
4 November 2011
With USAID assistance, local government learns how to help farmers market local produce.
In The News
22 May 2013
Some 80 percent of Afghan women have regular or occasional access to mobile phones, according to a survey conducted in late 2012. Funded by the...
30 March 2013
Thirty-six Afghan professionals graduated on March 20, 2013 from the Distance Learning Diploma Programs offered by the Afghanistan Institute of Banking and Finance (AIBF) in...
4 May 2013
Eighty-six young women professionals, university graduates and senior students celebrated today the completion of a six-month internship program that prepared them to work in the...
27 March 2013
Teachers from Aisha-i-Durani High School in Kabul now know how easy it is to access their salary accounts with the use of a mobile phone....
22 January 2013
NEW YORK, N.Y.
USAID/Afghanistan USAID Administrator Dr. Rajiv Shah and Afghanistan’s Minister of Communications and Information Technology Amirzai Sangin test a mobile money application at the launch...
2 October 2012
Fahim Azim/USAID The United States Agency for International Development (USAID) and the Afghanistan Banks Association (ABA) today opened the Access to Finance (A2F) Exhibition...
30 September 2012
USAID/FAIDA USAID/Afghanistan's Mission Director Ken Yamashita and Afghanistan International Bank (AIB) CEO Khalil Sediq shake hands after the signing ceremony of the Development Credit...
26 August 2012
USAID/FAIDA The Afghan Minister of Communications and Information Technology Amirzai Sangin and U.S. Embassy’s Coordinating Director for Development and Economic Affairs Ambassador Hilda Arellano...
17 July 2012
Frank Petrella/USAID DABS Chief Executive Officer Abdul Razique Samadi at the launch in Kabul of a scheme that enables Afghans to pay their electricity...
9 July 2012
Frank Petrella/USAID USAID Acting Mission Director, Brooke Isham, presents an award to Hakima of Kabul University for coming up with one of the eight...
23 May 2013
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