English | دری

Afghanistan Central Bank extends credit system to rural areas

in Afghan Business

Afghanistan Central Bank extends credit system to rural areas

Da Afghanistan Bank (DAB), Afghanistan’s Central Bank, has extended banks loans issuance to medium and small entrepreneurs in rural areas.

An agreement to that effect was signed between DAB and thirteen non-governmental organizations in Kabul.

Addressing the press conference, DAB deputy governor Essa Khan Turab, said the NGOs would extend the Public Credit Registry (PCR) systems to villages.

The Bank with collaboration from the World Bank launched the Collateral Registry (CR) and the Public Credit Registry systems and made it available to all commercial banks in 2014.

As per the contract, the NGOs will provide credits for bank clients, deliver information on credits and collection full information about the credit takers and record them.

According to Turab, people in rural areas would be issued loans ranging from $20,000 to $300,000 through the systems.



Related Articles

448 Persons with disabilities graduated from SCA vocational trainings

Swedish Committee for Afghanistan during the year 2013 trained 448 persons with disabilities, including 110 women, in several markets oriented

Uzbek, Turkmen, Afghan businessmen meet to improve trade relations

Businessmen from Uzbekistan, Turkmenistan and Afghanistan gathered in the capital of northern Balkh province on Tuesday to confer on options

Fiber factory opened in Kabul city

A fiber production factory called Paktika Shaheen has been opened in Kabul city. The factory has the capacity to produce

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.