On the 11th and 12th of June 2024, DCA-Livestock Programs under the IFAD-funded project conducted a two-day linkages workshop with First Micro Finance Bank (FMFB) for small and medium entrepreneurs. This workshop was attended by 80 VFU paraprofessionals/para-vets from 13 provinces including Herat, Nangarhar, Balkh, Baghlan, Kunduz, Samangan, Bamyan, Kabul, Logar, Maidan Wardak, Khost, Laghman, and Parwan. The primary objective of this workshop was to provide VFUs with an introduction to financing disbursement and to link them with the First Micro Finance Bank-Afghanistan (FMFB-A) to ensure the expansion of their businesses and receive financing disbursement.
The workshop covered a range of important topics, including:
- FMFB-A Products and Services: Detailed overview of the various financial products and services offered by FMFB-A.
- Mode of Financing: Different methods and channels through which financing is provided.
- Disbursement: Procedures and processes for the disbursement of funds.
- Documentation: Required documentation for securing financing.
- Customers and Eligibility Criteria: Identification of eligible customers and criteria for accessing financing.
- Islamic Products: Introduction to Sharia-compliant financial products.
- Cost and Pricing: Understanding the cost structures and pricing models of the financial products.
Sher Ahmad the para-vet from Herat province, Robat Sangi District, Torghondi Border expressed his enthusiasm, saying:
“I am thrilled that DCA organized this workshop and get-together to link us with the bank so we can get financing disbursement and expand our business. I have learned a lot from this workshop, and once I get home, I will get a medium-sized financial disbursement. Furthermore, by encouraging para-vets, the livelihood of the herders will be enhanced, and we both will earn more money. In the future, I intend to expand my business.”
We extend our heartfelt thanks to all participants, speakers, and organizers for their contributions to the success of this workshop. These dedicated professionals traveled hundreds of kilometers to gain knowledge and expand their businesses.
The following outcomes were achieved during the workshop:
- Enhanced Understanding: Participants gained a comprehensive understanding of microfinance and the specific products and services offered by FMFB-A.
- Business Expansion: The knowledge acquired from the workshop will enable VFUs to expand their businesses effectively.
- Financial Linkages: The workshop successfully linked VFUs with FMFB-A, paving the way for future financial support and business growth.
DCA-Livestock Programs plans to continue providing support and mentorship to the VFUs and other private sector actors supported by different projects ensuring they can effectively utilize the financing options available in Afghanistan.