The proposed project (“Project”) consists of an investment of up to US$ 5 million to Vitas Palestine (“Company”) in the form of a senior term loan with a maturity of up to five years and a grace period of one year. The investment proceeds will be used by the Company to lend to Small and Medium Enterprises (“SMEs”) including Women-owned SMEs (“WSMEs”) in West Bank and Gaza. An interest rate buy-down from the Global Small and Medium Enterprises Financing Initiative (“GSMEF”) will complement the investment package to help address a key market barrier of access to finance for SMEs, including Women-owned enterprises in West Bank and Gaza.
The Project consists of an investment of up to US$5 million in the form of a senior term loan with a maturity of five years and a grace period of one year. The Project’s proceeds will be used to increase lending to SMEs, including women-owned enterprises, in West Bank & Gaza.
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