institution Message and vision types of & information about loans Palestinian
microfinance network (faten)
"We, Palestinian lending & development network "FATEN", a national, non-profit leading institution, provide various financial, sustainable and high quality services to the small and micro-enterprises, leaders and economically active persons of limited income, women in particular, through human resources and sophisticated technical potentialities in order to take part in empowering families and developing the Palestinian society"
• More than 75,000 loans totaling 46,000,000 USD.
• Collective loans: 610- months • Fast loans: 28 days
• Individual loans: 418- months • Family loans, Murabaha or
improving residence
• 10005000- USD: 424- months • 500015000- USD: 448- months • Consumption loan: 112- months • Loan interest: 12%/annum AsAlA
(Palestinian Business women's Association)
"Palestinian Businesswomen's Association" ASALA, is a leading small and microfinance institution, provides services to assist women who live in poverty, change their lives, promote their social position through a successful participation in the economic activities"
• Small, microfinance/individual loans and collective/Islamic loans • Consumption and productive loans Microfinance: • $ 10003000-, repayment period: 1224- months • $ 35005000-, repayment period: 1236- months Collective loans: 200-1500 $, repayment period: 6-12 months intermediate:
• 550020000- $
• Repayment period: 13- years islamic loans:
• $550010000-. Repayment:13- years • Loan interest: 12%/year
federation of savings & lending Associations
Emanated from the Agricultural Relief and is designed to take part in the integrated and sustainable development of Palestinian rural society for better life.
• Individual, personal (marriage, education), collective, Islamic loans, small and microfinance: • Value of loans 500 Dinars-1500
Dinars
• Loan interest 12%/year Gaza program for
Women's lending AneRA/culture and free intellect
Program's vision: we aspire to see the Palestinian woman with a central role in the holistic and sustainable economic and social development process in Palestine.
Message: the message of the program is economic and social one where loans are provided to the target class like ladies in Gaza Strip in order to commence their own new enterprises and to develop the income generating existing enterprises.
• Provide lending service through Gaza lending program/Society of culture and free intellect
• Types of loans: individual, microfinance and small • Value of loan $2000 • Loan interest: 7%/year
136
department of microfinance (UnRWA)
ANRWA has launched the simple and small loans program in the West Bank and Gaza Strip in June 1991. The initiative came in response to the accelerating deteriorated economic conditions featured by high unemployment and incidence of poverty following the first uprising in 1987 and post Gulf war. After 1993, the program intensified its activities to support peace process through Peace implementation program of UNRWA.
• Individual, collective, small and microfinance, consumable loans, housing
• Repayment period: 16- months • Since May 2002, total initiatives
has been a bit more than 60,99 million dollars supported 50282 loans for industrial, services and commercial enterprises. • Value of a loan starts from $400
increasing with loan circulations • Loan interest 2% per month Arab center
for Agricultural development
The aim of the Center is to achieve the economic independence as well as food security for the poor and low income families through promoting and consolidating their active participation in the economic, social and political life in Palestine. The Center seeks to develop and improve living and financial situations to the small-scale producers of limited income through provision of financing loans and training services necessary to establish and develop their income- generating enterprises
• small, microfinance, individual, collective, islamic
• loan interest is 1% per month
Riyada Our task is to be a long-term motive to bring about positive changes in the low and intermediate income countries worldwide, help them improve their economic, social and environmental conditions. The international cooperative housing organization transforms the promise into progress on daily basis as evidenced by its success in bringing together between people and institutions and resources necessary to ensure stability and sustainability of change.
• (Small loans, microfinance), (individual loans), housing loans, housing finishing.
• loans range from 5007500- dollars
• Loan interest is 14.4% a year
Palestinian
development fund Our mission is sustainable marketing and development for the Palestinian companies in the private sector, and building a productive power inside the Palestinian economy. We provide our clients with the possibility to make use of investment opportunities which increase value to clients and constitute fortune to owners through expansion of the proper mixture of capital and complementary consulting services.
The Palestinian banking institution does not compete with banks but cooperates with them in the mutual interests. All realized profits in the institution are reused in lending and new investments.
• Palestinian development fund: individual, small, microfinance, companies, Islamic.
• Repayment period: 14- years • Loan interest: 6.5% / year
137 Ec on om ic St ud ies se rie s Reef financing
corporation We seek to integrate the poor in the microfinance services in order to promote their role and opportunities in the comprehensive development by establishing the first Rural Bank of Palestinian identity and practice. Message: provide high quality financial services, sustainable with new and outstanding vision in conjunction with societies the needy people in the Palestinian rural areas.
• Small, microfinance, individual, Islamic and collective.
• For micro-finance: 18 month • Loan value: 37- thousand dollars • Loan interest: 8% a year
islamic Relief Islamic Relief is an international Islamic non-government organization with offices and representatives all over the world. It seeks to achieve economic prosperity and social development in the poor countries through mutual relief and development programs with local communities. Its programs include contingent relief, development whatsoever and orphan sponsorship.
The IR is also an active member (special tier) in the social and economic council of UN and within the signatories of professional conduct charter of the red cross organization and red crescent and disaster relief of the NGOs. It is also a recognized member in the non-government British development organizations operating abroad
• Microfinance, individual • 30004000- $
• No interests
caritas Mission: increase opportunities of poor accessing financial services for a long period of time through soft loans for various purposes, empower the Palestinian nation from achieving all its potentials.
Vision: Caritas vision is based on emulating life of Christ and social Catholic teachings. From such beliefs, the goal of establishing free Palestine, free of occupation, discrimination and free of poverty shall be emanated in order to access justice, peace and freedom for the oppressed and poor so that all marginalized people of all religions will live with dignity, equality, love and respect to others, support each other in an international atmosphere of hope, solidarity and in confidence
• (Individual), (small, microfinance), improve housing.
• Value of loan: 400015000- dollars • Loan interest: 12% taken for once
138