**U.S.
      SECURITIES AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**





[X]
      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT
      OF 1934





**For
      the quarterly period ended June 30, 2007**








[ 
       ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934





For
      the
      transition period from





Commission
      File No. 000-52682





**AFH
      Holding I, Inc.**


(Name
      of
      Small Business Issuer in its charter)





**Delaware**
            **-------------------**(State
                or other jurisdiction of
            (I.R.S.
                employerincorporation
                or formation)
            identification
                number)





9595
      Wilshire Blvd.


Suite
      900


Beverly
      Hills, CA 90212


(Address
      of principal executive
      offices) (Zip
      Code)





Issuer’s
      telephone
      number: (310)
      300-3431


Issuer’s
      facsimile number:(310)
      300-3412




**No
      change**


(Former
      name, former address and former


fiscal
      year, if changed since last report)





Copies
      to:


**AFH
      Holding I, Inc.**


**9595
      Wilshire Blvd.,  Suite 900**


**Beverly
      Hills, CA 90212**





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the preceding 12 months (or for such shorter
      period that the issuer was required to file such reports), and (2) has been
      subject to such filing requirements for the past 90 days. Yes [X] No [ 
 ]





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes [X] No [   ]





State
      the
      number of shares outstanding of each of the issuer's classes of common equity,
      as of June 30, 2007: 5,000,000 shares of common stock.


*-
          1
          -*





AFH
      HOLDING I, INC.





FINANCIAL
      STATEMENTS


(Unaudited)


June
      30,
      2007





AFH
      HOLDINGI, INC.


(A
      Development Stage Enterprise)


INDEX
      TO
      INTERIM AND UNAUDITED FINANCIAL STATEMENTS


June
      30,
      2007


(Unaudited)





PageFinancial
                StatementsBalance
                Sheet
            F−1Statements
                of Operations
            F−2Statements
                of Stockholder’s Equity
            F−3Statements
                of Cash Flows
            F−4Notes
                to Financial Statements
            F−5
                − F−6





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          2
          -*





AFH
      HOLDINGI, INC.


(A
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED BALANCE SHEET


JUNE
      30,
      2007








June
                30, 2007(Unaudited)ASSETSTotal
                assets
            
            $
            -LIABILITIES
                AND STOCKHOLDER'S EQUITYCommitment
                and contingencies
            
            $
            -Stockholder's
                equity
            
            
            -Preferred
                stock, $.001 par value,authorized
                20,000,000 shares,
                none issuedCommon
                stock, $.001 par value,authorized
                100,000,000
                shares,
            
            
            5,0005,000,000
                issued and
                outstandingAdditional
                paid in capital
            
            
            -Deficit
                accumulated during the development stage
            
            
            (5000)Total
                stockholder's
                equityTotal
                liabilities and
                stockholder's equity
            
            
            -$
            -





The
      accompanying notes are an integral part of these financial
      statements





F-1


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          3
          -*







AFH
      HOLDINGI, INC.


(A
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED STATEMENTS OF OPERATIONS


(Unaudited)








**Income**
            
            For
                the 16-Apr-07 (Inception) though 30-Jun-07Revenue
            
            $
            -Expenses
            
            $
            -General
                and Administrative
            
            $
            5,000Total
                Expenses
            
            $
            ($5,000)Net
                Loss
            
            
            (5000)Net
                loss per share (basic and diluted)
            
            $
            (.00)Weighted
                average shares outstanding (basic and diluted)
            
            
            5,000,000





The
      accompanying notes are an integral part of these financial
      statements





F-2


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          4
          -*










AFH
      HOLDINGI, INC.


(A
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED STATEMENTS OF CHANGES IN STOCKHOLDER’S EQUITY


For
      the
      period from April 16, 2007 (Inception) to June 30, 2007


(Unaudited)







**Additional
                  Paid-in Capital**
              
              
              **Deficit
                  accumulated**
              
              
              **Total****Common
                  Stock**Shares
              
              
              Amount**Issuance
                  of Common Stock**Balance
                  April 16, 2007
              
              
              0
              
              
              
              0
              
              
              
              0
              
              
              
              0
              
              
              
              0Shares
                  issued in Lieu of Services, April 16, 2007
              
              
              5,000,000
              
              
              $
              5,000
              
              
              $
              0
              
              
              $
              0
              
              
              $
              5,000Net
                  Loss
              
              
              
              
              
              
              
              
              
              
              
              
              
              $
              (5,000
              )
              
              $
              (5,000
              )Balance  June
                  30, 20075,000,000
              
              
              $
              5,000
              
              
              $
              0
              
              
              $
              (5,000
              )
              
              
              0**Additional
                  Paid-in Capital**
              
              
              **Deficit
                  accumulated**
              
              
              **Total**




****


The
      accompanying notes are an integral
      part of these financial statements








F-3




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          5
          -*








AFH
      HOLDINGI, INC.


(a
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED STATEMENTS OF CASH FLOWS


(Unaudited)








For
                the period
              April 16,
                2007
              (Inception)
                through
              June
                30, 2007Cash
                flows from operating activitiesNet
                Loss
            
            
            $
            (5,000)Shares
                issued in lieu of Services
            
            
            
            5000Cash
                flows used in operating
                activities
            
            
            
            -0-Net
                increase in cash
            
            
            
            -Cash,
                beginning of period
            
            
            
            -Cash,
                end of period
            
            
            $
            -SUPPLEMENTAL
                DISCLOSURE OF CASH FLOW INFORMATION:Cash
                paid during the period for:Interest
            
            
            
            -Income
                taxes
            
            
            
            -








The
      accompanying notes are an integral part of these financial
      statements








F-4


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          6
          -*


AFH
      HOLDINGI, INC.


(A
      Development Stage Enterprise)


NOTES
      TO
      INTERIM AND UNAUDITED FINANCIAL STATEMENTS


June
      30,
      2007





NOTE
      1 -
      Organization and Significant Accounting Policies





Nature
      of Operations





AFH
      Holding I, Inc. (“the Company”) was incorporated in the State of Delaware on
      April 16, 2007 and has been inactive since inception.  The company
      intends to serve as a vehicle to effect an asset acquisition, merger, exchange
      of capital stock or other business combination with a domestic or foreign
      business. It is currently in its development stage.





As
      a
      blank check company, the Company’s business is to pursue a business combination
      through acquisition, or merger with, an existing company. As of the date of
      the
      financial statements, the Company has made no efforts to identify a possible
      business combination. As a result, the Company has not conducted negotiations
      or
      entered into a letter of intent concerning any target business. No assurances
      can be given that the Company will be successful in locating or negotiating
      with
      any target company.





Since
      inception, the Company has been engaged in organizational efforts.





General





The
      accompanying unaudited financial statements include all adjustments of a normal
      and recurring nature, which, in the opinion of Company’s management, are
      necessary to present fairly the Company’s financial position as of June 30,
      2007, the results of its operations for the three months ended June 30, 2007,
      and from the date of inception (April 16, 2007) through June 30, 2007, and
      cash
      flows for the three months ended June 30, 2007, and from the date of inception
      (April 16, 2007) through June 30, 2007.





Certain
      information and footnote disclosures normally included in financial statements
      prepared in accordance with generally accepted accounting principles have been
      omitted pursuant to the rules and regulations of the Securities and Exchange
      Commission.





The
      results of operations and cash flows for the period of  April 16, 2007
      (inception ) to June 30, 2007 are not necessarily indicative of the results
      to
      be expected for the full year’s operation.





NOTE
      2 –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES





BASIS
      OF
      PRESENTATION – DEVELOPMENT STAGE COMPANY





The
      Company has not earned any revenue from operations. Accordingly, the Company's
      activities have been accounted for as those of a "Development Stage Enterprise"
      as set forth in Financial Accounting Standards Board Statement No. 7 ("SFAS
      7").
      Among the disclosures required by SFAS 7 are that the Company's financial
      statements be identified as those of a development stage company, and that
      the
      statements of operations, stockholders' equity and cash flows disclose activity
      since the date of the Company's inception.


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          7
          -*





ACCOUNTING
      METHOD





The
      Company's financial statements are prepared using the accrual method of
      accounting. The Company has elected a fiscal year ending on December
      31.





BASIC
      EARNINGS (LOSS) PER SHARE





In
      February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which
      specifies the computation, presentation and disclosure requirements for earnings
      (loss) per share for entities with publicly held common stock. SFAS No. 128
      supersedes the provisions of APB No. 15, and requires the presentation of basic
      earnings (loss) per share and diluted earnings (loss) per share. The Company
      has
      adopted the provisions of SFAS No. 128.





Basic
      net
      loss per share amounts is computed by dividing the net income by the weighted
      average number of common shares outstanding. Diluted earnings per share are
      the
      same as basic earnings per share due to the lack of dilutive items in the
      Company.





IMPACT
      OF
      NEW ACCOUNTING STANDARDS





The
      Company does not expect the adoption of recently issued accounting
      pronouncements to have a significant impact on the Company's results of
      operations, financial position, or cash flow.





NOTE
      3 -
      GOING CONCERN





The
      Company’s financial statements have been presented on the basis that it is a
      going concern in the development stage, which contemplates the realization
      of
      assets and the satisfaction of liabilities in the normal course of business.
      As
      of the date of these financial statements, the Company has made no efforts
      to
      identify a possible business combination.





The
      Company’s shareholder shall fund the Company’s activities while the Company
      takes steps to locate and negotiate with a business entity through acquisition,
      or merger with, an existing company; however, there can be no assurance these
      activities will be successful.





NOTE
      4
      -  SHAREHOLDER'S EQUITY





On
      April
      16, 2007, the Board of Directors issued 5,000,000 shares of common stock for
      $5,000 in services to the founding shareholder of the Company to fund
      organizational start-up costs.





The
      stockholders' equity section of the Company contains the following classes
      of
      capital stock as of June 30, 2007:





Common
      stock, $ 0.001 par value:
      100,000,000 shares authorized;


5,000,000
      shares issued and
      outstanding;





Preferred
      stock, $ 0.001 par value:
      20,000,000 shares authorized; but not issued and outstanding.





F-5


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          -*





Item
      2.
Management's Discussion and Analysis of Financial Conditions and Results
      of
      Operations Plan of Operation





The
      Company will attempt to locate and negotiate with a business entity for the
      combination of that target company with the Company. The combination will
      normally take the form of a merger, stock-for-stock exchange or stock-for-
      assets exchange (the "business combination"). In most instances the target
      company will wish to structure the business combination to be within the
      definition of a tax-free reorganization under Section 351 or Section 368 of
      the
      Internal Revenue Code of 1986, as amended. No assurances can be given that
      the
      Company will be successful in locating or negotiating with any target
      business.





The
      Company has not restricted its search for any specific kind of businesses,
      and
      it may acquire a business which is in its preliminary or development stage,
      which is already in operation, or in essentially any stage of its business
      life.
      It is impossible to predict the status of any business in which the Company
      may
      become engaged, in that such business may need to seek additional capital,
      may
      desire to have its shares publicly traded, or may seek other perceived
      advantages which the Company may offer.





In
      implementing a structure for a particular business acquisition, the Company
      may
      become a party to a merger, consolidation, reorganization, joint venture, or
      licensing agreement with another corporation or entity.





It
      is
      anticipated that any securities issued in any such business combination would
      be
      issued in reliance upon exemption from registration under applicable federal
      and
      state securities laws. In some circumstances, however, as a negotiated element
      of its transaction, the Company may agree to register all or a part of such
      securities immediately after the transaction is consummated or at specified
      times thereafter. If such registration occurs, it will be undertaken by the
      surviving entity after the Company has entered into an agreement for a business
      combination or has consummated a business combination. The issuance of
      additional securities and their potential sale into any trading market which
      may
      develop in the Company's securities may depress the market value of the
      Company's securities in the future if such a market develops, of which there
      is
      no assurance. However, if the Company cannot effect a non-cash acquisition,
      the
      Company may have to raise funds from a private offering of its securities under
      Rule 506 of Regulation D. There is no assurance the Company would obtain any
      such equity funding.





The
      Company will participate in a business combination only after the negotiation
      and execution of appropriate agreements. Negotiations with a target company
      will
      likely focus on the percentage of the Company which the target company
      shareholders would acquire in exchange for their shareholdings.


Although
      the terms of such agreements cannot be predicted, generally such agreements
      will
      require certain representations and warranties of the parties thereto, will
      specify certain events of default, will detail the terms of closing and the
      conditions which must be satisfied by the parties prior to and after such
      closing and will include miscellaneous other terms. Any merger or acquisition
      effected by the Company can be expected to have a significant dilutive effect
      on
      the percentage of shares held by the Company's shareholders at such
      time.





Results
      of Operation





The
      Company has not conducted any active operations since inception, except for
      its
      efforts to locate suitable acquisition candidates. No revenue has been generated
      by the Company from April 16, 2007 (inception) to June 30, 2007. It is unlikely
      the Company will have any revenues unless it is able to effect an acquisition
      or
      merger with an operating company, of which there can be no
      assurance.


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          9
          -*





Liquidity
      and Capital Resources





At
      June
      30, 2007, three months ended, the Company had no capital resources and will
      rely
      upon the issuance of common stock and additional capital contributions from
      shareholders to fund administrative expenses pending acquisition of an operating
      company.


Management
      anticipates seeking out a target company through solicitation. Such solicitation
      may include newspaper or magazine advertisements, mailings and other
      distributions to law firms, accounting firms, investment bankers, financial
      advisors and similar persons, the use of one or more World Wide Web sites and
      similar methods. No estimate can be made as to the number of persons who will
      be
      contacted or solicited. Management may engage in such solicitation directly
      or
      may employ one or more other entities to conduct or assist in such solicitation.
      Management and its affiliates will pay referral fees to consultants and others
      who refer target businesses for mergers into public companies in which
      management and its affiliates have an interest. Payments are made if a business
      combination occurs, and may consist of cash or a portion of the stock in the
      Company retained by management and its affiliates, or both.





The
      Company and or shareholders will supervise the search for target companies
      as
      potential candidates for a business combination. The Company and or shareholders
      may pay as their own expenses any costs incurred in supervising the search
      for a
      target company. The Company and or shareholders may enter into agreements with
      other consultants to assist in locating a target company and may share stock
      received by it or cash resulting from the sale of its securities with such
      other
      consultants.





Item
      3.
Controls and Procedures





The
      management of the Company, including the principal executive and financial
      officer, conducted an evaluation of the effectiveness of the design and
      operation of our disclosure controls and procedures as defined in Exchange
      Act
      Rule 13a-15(e) and 15d-15(e) as of June 30, 2007. Based on that evaluation,
      the
      principal executive and financial officer concluded that as of June 30, 2007,
      our disclosure controls and procedures were effective at the reasonable
      assurance level to ensure (i) that information required to be disclosed by
      us in
      the reports we file or submit under the Exchange Act is recorded, processed,
      summarized and reported within the time periods specified in the SEC’s rules and
      forms and (ii) that information required to be disclosed in reports that we
      file
      or submit under the Exchange Act is accumulated and communicated to our
      management including our chief executive and financial officer, to allow timely
      decisions regarding required disclosure. No change in our internal control
      over
      financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the
      Exchange Act) occurred during the fiscal quarter ended June 30, 2007 that has
      materially affected, or is reasonably likely to materially affect, the Company’s
      internal control over financial reporting.





PART
      II - OTHER INFORMATION





Item
      1. Legal Proceedings.





The
      Company is currently not a party to any pending legal proceedings and no such
      action by or to the best of its knowledge, against the Company has been
      threatened.





Item
      2. Unregistered Sales
      of Equity
      Securities and Use of Proceeds.





In
      connection with the Company's organization, on April 16, 2007, Ms. Lauren Scott
      was issued 5,000,000 shares of restricted common stock in exchange for $5,000
      in
      cash which paid for the State incorporation fees, accounting and annual resident
      agent fee in Delaware.


*-
          10
          -*





The
      foregoing purchase and sale to this sophisticated person (officer and director)
      who had superior access to all corporate and financial information were exempt
      from registration under the Securities Act of 1933, as amended (the "Securities
      Act"), pursuant to Section 4(2) on the basis that the transaction did not
      involve a public offering.





Item
      3. Defaults Upon Senior
      Securities.





None





Item
      4.Submission of
      Matters to a Vote of Security Holders.





No
      matter
      was submitted during the quarter ending June 30, 2007, covered by this report
      to
      a vote of the Company's shareholders, through the solicitation of proxies or
      otherwise.





Item
      5. Other Information.





None





Item
      6. Exhibits and Reports
      of Form
      8-K.





(a) Exhibits





*3.1
            
            Certificate
                of Incorporation, as filed with the Delaware Secretary of State on
                April
                16, 2007.*3.2
            
            By-Laws31.1
            
            Certification
                pursuant to Section 302 of Sarbanes Oxley Act of 200232.1
            
            Certification
                pursuant to Section 906 of Sarbanes Oxley Act of
                2002




*
      Filed
      as an exhibit to the Company’s Registration Statement on Form 10-SB, as filed
      with the Securities and Exchange Commission on June 13, 2007, and incorporated
      herein by this reference.





(b) Reports
      of Form 8-K





None





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          11
          -*




SIGNATURES





In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, there unto duly
      authorized.





Dated:
      October 9, 2007


AFH
      Holding I, Inc.


(Registrant)





/s/
      Lauren Scott


President


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