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Financing a Business in Palestine

The Palestine monetary authority was able to accomplish important steps in order to achieve safety, and high banking confidence in the recent years to reach efficiency and to achieve monetary and financial stability at the regional and international level.

Firstly- Banking institutions in Palestine( local and foreign):


Secondly- Specialized lending institutions

Most of the specialized lending institutions operating in Palestine are classified as non-profit financial institutions, aiming to contribute to the process of economic development, reduce poverty and unemployment in the community. This sector provides essential financial services to a wide segment of society, in return for guarantees and conditions of concessional credit to conform to simple economic ability of these sectors.

Source: Palestinian Network for Small and micro-lending (partnership).

 

Deep reforms have been implemented on the policy of these institutions that follow the supervision of the Monetary Authority and Control since 2011; this aims to maintain the safety and effectiveness of these institutions and to ensure the stability of the financial system in Palestine. During 2012, the Monetary Authority issued a number of instructions aimed at regulating management of these institutions, in addition to show the licensing mechanism, and the allowed and prohibited actions.

 

With the end of the year 2012, the number of specialized lending institutions, and the members in the Palestinian Network for Small and Micro-lending (partnership) are 8 institutions, operating through 62 branches and offices distributed in various areas in the northern and southern provinces.

The net credit portfolio of 84.2 million USD, distributed over different economic sectors that are naturally connected with these institutions and their goals; where in terms of trade and the service sector dominated approximately 38.5% of the loans granted, followed by the consumption sector of 31.3%, agriculture sector by 20.2% and Gaza Industry and Crafts of 10%.

Some programs and funding institutions and lending

More than 25 lending institution within a variety of programs provide facilities through easy and affordable packages to set up projects in Palestine, where these institutions facilitate the access to the necessary funding under flexible conditions and possibilities proportionate with the nature and the ability of the investor.

Institution Name
Telephone
Fax
Email
Website
Palestinian Businesswomen's Association (asala)
+970 2 2400532
+970 2 2402433
Reyada
+970 2 2410510
+970 2 2410592
FATEN
+970 2 2961470/1/3
+970 2 2961472
-
YMCA
+970 2 2956769
+970 2 2959986
Reef Finance
+970 2 2951071/84
+970 2 295173
 
Islamic Relief
+972 8 2833343
+970 8 2837889
+970 8 2862228
+970 8 2844606
The Palestinian Network for Small and Microfinance - Sharakeh
+970 2 2959388
+970 2 2959395
UNDP-DEEP
+970 2 2976101
 
 
SME’s finance-  unrwa
+970 2 2984831/2
+970 2 2984830
Arab center for agricultural development- ACAD
+970 2 2409651/60
+970 2 2409652
Global Communities
+970 2 2413616
+970 2 2413614
Juhoud
+970 2 2811629
+970 2 2811831
Palestinian banking Institution
+970 2 2969800
+970 2 2969801/11
International Relief & Development
+970 9 2515199
+970 9 2515099
Palestinian Economic Council For Development & Reconstruction ( Pecdar)
+970 2 2974300
+970 9 2375575
+970 2 2974331
NGO Development Center
+970 2 2347771
+970 2 2347776
Palestine Investment Fund- PIF
+970 2 2974971
+970 2 2974976
Dutch Grant Program
 
 
 
French Grant Program
+97225828995
 
Palestinian SME’S Development Program- ITALIAN Loan
+970 2 5327447
+970 2 5322904
Programme for Cooperation with Emerging Markets PSOM
+31 70 7788568
 
 
USAID- Compete Project
+970 2 2988530
+970 2 2988528
Palestinian Market Development Program-PMDP
+970 2 2986340
+970 2 2959220
The European Palestinian Credit Guarantee Fund (EPCGF)
+970 2 2400330
+970 2 2400327
+970 2 240082
PRIDE
+970 2 2960361