1. Description
| Name of organization | Reef |
| Typology | Financial institution |
| Description | Reef Finance Company (Reef) is a rural financial institution, established in June 2007 as a private not-for-profit company and started its lending operations in January 2008. Reef Finance provides financial services to Palestinian people; individuals or groups, with limited income, who engage in different economic sectors and to focus largely on the agricultural sector. To this end, Reef Finance targets the following categories: • Farmers; the individuals who take from agriculture a profession and/ or cooperative agricultural societies and/ or associations and/ or agricultural unions. • Cooperatives and working in the rural Palestinian areas • Members of cooperatives and associations. • Entrepreneurs. • Women • The productive enterprises and economic activities of various economic sectors specifically agricultural businesses. • Collectively owned business projects. • Graduates from universities and institutes from different disciplines specifically graduates of college of agriculture. • Students of universities and colleges to pay tuitions.Reef provides its financial services using both cash and in kind (Islamic financing tools such as Murabah … etc.) lending methodologies to cooperatives, solidarity groups and individuals. |
| Location | Ramallah Branch Ein Musbah Rabia Bld – 4th Floor |
| Geographical scope | Reef provides its the financing (credit) activities Palestinian people in all over Palestinian geographic areas in West bank and Gaza Strip |
| Experiences in financing eco innovative projects | – |
| Instruments | Loans |
| Average investment – amount | – |
2. Investor Criteria
| Scope of operations – Industry/tags | Reef facilitates access to finance for Palestinian MSME’s to start, expand or grow up income generating enterprises or economic activities specifically to low income, poor and economically fragile Palestinian individuals and families and entrepreneurs from rural areas who engage in different economic sectors with the aim of improving socio-economic conditions to be able to improve their access to education, health services and well-being |
| Phase of grow | Startup businesses and existing MSMEs; |
| Most important prerequisites for financing a project | Growth |
| Most important barriers that prevent financing | Social/ personal guarantors |
| Minimum investment required | no minimum investment required |
| Currently available financial products | • Reefona; Agricultural sector and the sectors that complementary to agricultural sector; value chain • Mostaqbali; Commerce and manufacturing, professions business projects and crafts such as carpenter, metal work, tailoring, hair dressers etc. • Cooperative projects • Collectively owned business projects; Employment and Income generating projects from all economic sectors, provide loans to group of youth to start or grow up business project, collectively owned workers / farmers….etc as well as partnerships businesses. • House improvements; Housing improvements loans in rural areas • My Family; Consumption |
3. Contact details
| Contact persons / emails | – |
| Address and telephone | 0592927012/ 022951073 / 022951071 |
| Web site | www.reef.ps |
