1. Description

Name of organization Faten
Typology Loans
Description The Palestine for Credit and Development, known as Faten was established in 1999 in order to assist poor people to set up and develop their business by providing a range of financial services, Faten was registered at the ministry of National economy as a non-profit private shareholding company and works under the supervision of Palestine Monetary Authority. It has expanded rapidly to become one of the largest Microfinance institutions in MENA region; it has 38 branches spread throughout the country employs 300 full-time staff with more than 42,000 active borrowers and an outstanding loans portfolio of more than $120 million.     Faten had a market share of 54 per cent of Palestinian Microfinance at the end of 2016. Since establishment, the total number of loans disbursed reached 190,231 with a total disbursed portfolio of US$430m. Women account for 45% of the number of disbursed loans. Although Faten has been affected by the political crises it has managed to increase the outreach to rural areas and marginalized segment. Faten is the first financial institution in Palestine that operates their services in a refugee camps. Faten believes that the combined efforts of the Palestinian Authority, microfinance institutions and decision makers in the community, along with local and international community institutions,   capable of achieving the goals of the industry, which maintain the continuity and success of the small business and enhance their productivity by maintaining microfinance products.
Location Palestine
Geographical scope West Bank and Gaza Strip
Experiences in financing eco innovative projects
Instruments Both, Commercial and Islamic financing tools
Average investment – amount

2. Investor Criteria

Scope of operations – Industry/tags Microfinance
Phase of grow – business stage and target group of clients Growth
Most important prerequisites for financing a project
Most important barriers that prevent financing
Minimum investment required
Currently available financial products Personal loans, Business loans, Housing loans

3. Contact details

Contact persons / emails
Address and telephone
Web site www.faten.org