Palestine

Financial services

Funding granted

Loan of €1.0M *
(equivalent in local currency)

Foundation partner

since 2014
(3 loans granted)

*Outstanding amount at grant value
Partner website

Context:

The Palestinian agricultural sector represents one of the most important sources of income for the Palestinian economy, and in 2006 employed around 15.7% of the workforce in Palestine.

The Institution:

In 1995, the international NGO Save The Children founded the microfinance institution FATEN, with the motto “Credit and Development for Palestine”. This non-profit institution is the largest microfinance institution in the region and is active in remote areas.

Impact:

FATEN offers a wide range of sustainable financial services for low-income and economically active small businesses, microentrepreneurs and individuals, especially women. Through advanced human resources and technical infrastructure, it contributes to the empowerment of families and community development in Palestine.

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