The Kandahar Islamic Investment and Finance Cooperative (KIIFC) is helping area farmers have a successful winter planting season by providing a wide range of Sharia-compliant financial services to its members.
The cooperative recently provided between $500 to $800 each to 25 Dand district vegetable growers who completed USAID-funded greenhouse farming training. The farmers received the much-needed capital to buy equipment that will enable them to grow vegetables during winter months.
The KIIFC is a community-based, member-owned institution that has already disbursed $630,000 in Sharia-compliant financing to its members. So far, 71 percent of these funds have been invested in agriculture production in the area.