USAID’s Financial Access for Investing in the Development of Afghanistan (FAIDA) project, under Contract Number 306-C-00-11-00531-00, assists the Government of the Islamic Republic of Afghanistan and the private sector in developing the financial sector. FAIDA helps USAID’s Afghan partners in building capacity to deliver finance where it can be used most effectively, and in developing a legal framework and market infrastructure in which financial sector institutions and their business partners create value that provides growth and employment opportunities for all Afghans. FAIDA provides technical assistance to Afghanistan’s mobile network operators to introduce innovative mobile money products and services. As a national program, FAIDA promotes financial inclusion across Afghanistan, including initiatives designed to support a sustainable, commercially viable, local and national economies as the best way to achieve long-term stability, security and enduring peace. FAIDA also directly assists Afghan women entrepreneurs by providing specially targeted business development trainings to enable them to gain access to financing and opportunities for economic and professional growth.
- Enterprises: Works with partner institutions to provide tailored financial solutions where access to capital will complete value chains and increase competitiveness. Links lenders to businesses in need of financing, with a special focus on remote areas.
- Banking Capacity: Enhances the capacity of financial professionals, and infrastructure organizations with assistance to build human and organizational capacity to strengthen Afghanistan’s financial sector.
- Regulatory: Creates an enabling lending environment that reduces risk and increases certainty. Develops new or updated regulations across all financial sectors and key institutions.
- Better Than Cash: Provides technical assistance to Afghanistan’s mobile network operators to introduce innovative new products and services and expand the use of mobile money.
- Gender Mainstreaming: Ensures that women are integrated in financial sector activities and are provided access to financing and opportunities for economic and professional growth.