Small and Medium Enterprises in Afghanistan employ 10 to 500 employees, have sales up to US$1 million and paid-in capital of up to US$1 million. Lenders are banks, financing companies, some MFIs, local money exchange service providers (Hawala dealers), credit unions and societies. Most of these loans are disbursed against collateral of title deeds, land deeds, property and automobile deeds. Some small loans are secured by neighbors, personal guarantees and character. The SME loans that are disbursed by these lenders range from US$2,000-250,000. * v * t * e