According to bank provided information, the investment involves the provision of a Women in Business (WiB) loan of up to USD 2.0 million (EUR 1.7 million equivalent) in favor of Palestine for Credit and Development (FATEN), a non-profit microfinance institution incorporated in the West Bank, for on-lending to women businesses in the West Bank.
The credit line will be used by FATEN to on-lend to women MSMEs in the West Bank.
Palestine for Credit and Development (FATEN) was established in its current form in 1999 as a private non-profit company registered with the Palestinian Ministry of Economy. In May 2014, FATEN became licensed by the Palestine Monetary Authority (PMA). Since its establishment, FATEN has played a key role in supporting the MSME sector in the West Bank and Gaza, creating job opportunities and reducing poverty and unemployment rates.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Palestine for Credit and Development||Client||-|
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