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The First MicroFinance Bank-Afghanistan’s Solar Journey

GABV

27 May 2024

The First MicroFinance Bank-Afghanistan (FMFB-A) is committed to more than just financial services – it is dedicated to making a positive impact on communities and the environment. As part of this commitment, FMFB-A has embarked on a transformative journey towards sustainability, with solar energy at the forefront of its efforts.

The First MicroFinance Bank-Afghanistan (FMFB-A) is leading the charge towards a greener future by embracing the power of solar energy. In its pursuit of a greener future, FMFB-A has achieved significant milestones:

Herat Branch Solarization

FMFB-A’s journey began in March 2023, when its HRT 2 Branch became the pioneering solar-powered facility. Solar panels with a capacity of 40KW were installed. This not only provided a reliable source of electricity but also led to substantial cost savings. By reducing its reliance on traditional fuel sources and cutting maintenance expenses, FMFB-A not only improved its bottom line but also made a meaningful contribution to environmental sustainability. The transition to solar energy resulted in a reduction of an estimated 23 CO2 (Metric Ton) compared to the previous year.

Kisham Branch Joins the Solar Revolution

Building on the success of the Herat branch, FMFB-A expanded its solar initiative to the Kisham Branch in April 2024. With a capacity of 20KW, the solar panels installed at the Kisham Branch represent another step towards a cleaner, more sustainable future. By harnessing the power of the sun, FMFB-A has reduced operational costs and carbon emissions, further solidifying its commitment to environmental stewardship. The Kisham Branch is now contributing to a healthier planet, with 11 CO2 (Metric Ton) saved compared to the previous year.

FMFB-A’s Commitment to a Greener Future

FMFB-A’s journey towards sustainability doesn’t end with the Herat and Kisham Branches. As a proud member of the Global Alliance for Banking on Values (GABV), FMFB-A is committed to leading by example and inspiring positive change. Over the next five years, FMFB-A plans to solarize 9-10 additional branches, aiming to reduce its carbon footprint by an estimated 145 CO2 (Metric Ton). By embracing solar energy and other sustainable practices, FMFB-A is not only transforming its organisation but also contributing to a brighter, more sustainable future for Afghanistan and beyond.

At FMFB-A, sustainability isn’t just a goal – it’s a journey to which the bank is wholeheartedly committed. Through its transition to solar energy and other eco-friendly initiatives, FMFB-A is paving the way for a greener, more prosperous future. 

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