FMFB-A review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

FMFB-A suits Afghan individuals and microfinance businesses wanting a licensed, fixed-rate purchase loan and able to bring a guarantor. The APR of 16% sits above the site median of 12%, so the draw is a supervised bank with an origination fee of 0 AFN rather than the lowest rate here.

Key facts

Best for
A licensed, fixed-rate purchase loan in Afghanistan for anyone who can bring a guarantor.
APR
16% (Source, checked September 26, 2026)
Loan amount
AFN 5,000 to AFN 1,500,000 (Source, checked September 26, 2026)
Term
6 to 24 months (Source, checked September 26, 2026)
Arrangement fee
0 AFN (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Individuals and microfinance businesses; one guarantor, two if under AFN 100,000 (Source, checked September 26, 2026)
Origination fee (%)
0% (Source, checked September 26, 2026)
Loan types
Personal, Car, Business, Guarantor, Secured (Source, checked September 26, 2026)
Legal entity
The First MicroFinanceBank-Afghanistan (FMFB-A) (Source, checked September 26, 2026)
Headquarters
Afghanistan (Source, checked September 26, 2026)
Founded
2004 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
fmfb.com.af

Mortgages

Initial rate
16% (Source, checked September 26, 2026)
Fixed period
0.5 to 2 years (Source, checked September 26, 2026)
Product fee
AFN 0 (Source, checked September 26, 2026)
Purpose
Purchase (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
The First MicroFinanceBank-Afghanistan (FMFB-A) (Source, checked September 26, 2026)
Headquarters
Afghanistan (Source, checked September 26, 2026)
Founded
2004 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaLinkedInXinstagram.com

Pros and cons

Pros

  • The origination fee is 0 AFN and the product fee is AFN 0, so set-up does not scale with the amount borrowed.
  • It holds a Da Afghanistan Bank licence, Docket No 11201, so the lender is supervised rather than an intermediary.
  • Loan sizes run AFN 5,000 to AFN 1,500,000 across personal, car, business, guarantor and secured lending, so one relationship covers more than a single purchase.
  • Support runs on email, phone and help centre, covering phone, email and a help centre while the loan is open.

Cons

  • The APR of 16% is above the site median of 12%, so the borrowing costs more than a typical personal loan listed here.
  • Repayment terms are 6 to 24, shorter than the site term median of 36, so the balance has to clear faster.
  • The fixed rate lasts 0.5 to 2, well short of the site fixed-period median of 6.5.
FMFB-A

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Individuals and microfinance businesses in Afghanistan buying a specific asset, who can bring a guarantor.
  • Borrowers who want the rate set up front and the agreement held with the bank rather than a broker.
  • Cost-sensitive borrowers who value a known set-up cost over the lowest published rate.

Who should look elsewhere

  • Anyone shopping mainly on rate: Monzo Flex lists 10% to 23%, below FMFB-A's 16%.
  • Readers after the lowest published rate in this group: Cashspace ES shows 0%.
  • Borrowers wanting a longer fixed period than 0.5 to 2 or terms beyond 6 to 24: Cashspace publishes PHP 12 to PHP 36 and is the other place to read first.

The company behind it

The First MicroFinanceBank-Afghanistan (FMFB-A) is based in Afghanistan and was founded in 2004. Da Afghanistan Bank licenses it as Docket No 11201, so the credit risk sits with a supervised bank rather than a broker. Borrower questions run on email, phone and help centre, and the legal entity name gives you something concrete to check before you sign.

How FMFB-A compares

Where FMFB-A is available

Available
Afghanistan
Licence in Afghanistan
Da Afghanistan Bank (Docket No 11201), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does FMFB-A charge?+

The published rate is 16%, and it is a fixed rate, so the cost of the loan does not drift with a base rate while you repay. On the comparison site that sits above the median personal loan rate of 12%.

What fees apply when a loan is opened?+

Set-up costs are listed as 0 AFN for origination and AFN 0 for the product, and the origination percentage is 0%. That means the fee does not scale up with the amount you borrow.

Is FMFB-A regulated?+

Yes. Da Afghanistan Bank licenses the bank under Docket No 11201, and the legal entity behind the lending is The First MicroFinanceBank-Afghanistan (FMFB-A). That gives you a named supervisor and a licence reference to quote if a query needs escalating.

Who can borrow, and is a guarantor required?+

Eligibility covers individuals and microfinance businesses, with a guarantor required and a second guarantor for smaller loans. The stated purpose is purchase, so the money is expected to go to a specific asset rather than general spending.

How long is the repayment period?+

Terms are 6 to 24, which is short against the site median term of 36. The rate is set for 0.5 to 2, so the fixed stretch is shorter than longer fixes common on the site.

How much can be borrowed?+

Loan sizes run AFN 5,000 to AFN 1,500,000, a wide spread for a lender that deals straight with borrowers. Personal, car, business, guarantor and secured lending sit under the same roof, so one relationship can handle more than a single purchase.

How do you get help during the term?+

Support runs on email, phone and help centre. That means phone, email and a help centre are the listed ways to ask about a loan, so keep the terms from your schedule of charges handy when you call.

Is FMFB-A a lender or a broker?+

It is listed as a direct lender, so the agreement sits with the bank rather than a partner broker. The product list spans personal, car, business, guarantor and secured lending, and pricing is set as fixed.

Sources

  • fmfb.com.af checked September 26, 2026

    Backs: Support channels

    “Email: info@fmfb.com.af | Phone: +93(0) 790 010 105 ... FAQs”

  • fmfb.com.af/bank-profile checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity

    “The First MicroFinanceBank-Afghanistan (FMFB-A) started its operation in 2004”

  • fmfb.com.af/faqs checked September 26, 2026

    Backs: Loan types

    “Murabaha: Cost-plus sale for purchasing goods, vehicles, or equipment.”

  • fmfb.com.af/mudarabaha-finance checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Fixed period, Initial rate, Lender type, Arrangement fee, Origination fee (%), Product fee, Purpose, Term

    “Financing limit from AFN 5,000 to AFN 1,500,000 or equivalent in USD”

  • fmfb.com.af/schedule-of-charges checked September 26, 2026

    Backs: Pricing model, Rate type

    “Murabaha Financing ... Profit Rate Retail/Microfinance 16% Per Annum (Flat) ... Profit Calculation Flat”

  • dab.gov.af/Licensed-Banks checked September 26, 2026

    Backs: Licences

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check, Funding time, Representative example.

FMFB-A

FMFB-A

A licensed, fixed-rate purchase loan in Afghanistan for anyone who can bring a guarantor.

9.1/10See alternatives

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