World Bank Allocates $16 Million to Support Small Businesses Led by Women in Afghanistan

The World Bank has announced a $16 million allocation to support small businesses, focusing on women and enterprises led by women in Afghanistan.

The World Bank stated that this aid will be disbursed directly to the Afghan Credit Guarantee Foundation in the United States through the Afghanistan Resilience Trust Fund. Melinda Good, the World Bank’s head in Afghanistan, emphasized that supporting small financial providers in Afghanistan is one of the few executable options currently available to improve access to financial resources, especially for women.

The aim of this project is to strengthen the small financial sector in Afghanistan so that owners of small businesses and enterprises led by women can access the necessary financial credit to rebuild their businesses and lives.

This project will be concentrated in 15 provinces of Afghanistan, including Badakhshan, Balkh, Bamiyan, Daikundi, Faryab, Herat, Jowzjan, Kabul, Kunduz, Nangarhar, Parwan, Samangan, Sar-e Pol, and Takhar.

The World Bank aims to support “empowering small financial providers and companies for resilience and growth” through the implementation of this project.