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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):

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.

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%.

Available Loaning and financing organizations and programs

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 2413036

+970 2 2413035

PR@asala-pal.org

www.asala-pal.org

Reyada

+970 2 2410510

+970 2 2410592

info@vitas.org

www.ryada.org

FATEN

+970 2 2961470/1/3

+970 2 2961472

info@faten.org

faten@faten.org

www.faten.org

YMCA

+970 2 2956769

-

ashalaldeh@ej-ymca.org

www.ej-ymca.org

Reef Finance

+970 2 2951071

+970 2 2951073

info@reef.ps

www.reef.ps

SME’s finance-  unrwa

+970 2 2984831/2

+970 2 2984830

-

www.unrwa.org

Arab center for agricultural development- ACAD

+970 2 2960390/1/2/3

+970 2 2982741

info@acad.ps

www.acad.ps

Global Communities

+970 2 2413616

+970 2 2413614

info@globalcommunities.ps

www.globalcommunities.ps

Juhoud

+970 2 2957201

+970 2 2957366

info@juhoud.org

www.juhoud.ps

Palestinian banking Institution

+970 2 2969800

+970 2 2969801

info@palbabanking.com

www.palbanking.com

International Relief & Development

-

-

Info@blumont.org

www.blumont.org

Palestinian Economic Council For Development & Reconstruction ( Pecdar)

+970 2 2974300

+970 2 2974331

info@pecdar.pna.net

ata@pecdar.pna.net

www.pecdar.ps

NGO Development Center

+970 2 2347771

+970 2 2347776

-

www.ndc.ps

Palestine Investment Fund- PIF

+970 2 2969600

+970 2 2969617

info@pif.ps

www.pif.ps

Dutch Grant Program

-

-

-

www.mne.gov.ps/smes/dutsh.pdf

French Grant Program

-

-

-

www.pipa.ps/

Palestinian SME’S Development Program- ITALIAN Loan

+970 2 5327447

+970 2 5322904

gerusalemme@aics.gov.it

www.pipa.ps/

www.aics.gov.it

Programme for Cooperation with Emerging Markets PSOM

+31 70 7788568

-

-

www.mne.gov.ps/pdf/psoma.pdf

The European Palestinian Credit Guarantee Fund (EPCGF)

+970 2 2400330

+970 2 2400327

+970 2 2400822

info@cgf-palestine.com

www.cgf-palestine.com

PRIDE

+970 2 2960361

-

info@pride.ps

-

Al Ebdaa

+970  2 2965991

+970  2 2965992

mzurub@alibdaapalestine.com

www.alibdaapalestine.com

Vitas

+970 2 2410510

+970 2 2410592

-

vitas.ps/

Innovative Private Sector Development Project (IPSD)

-

-

IPSD_applications@dai.com

www.ipsd.ps

Finance for Jobs (F4J)

+970 2 2964840

+970 2 2964901

-

www.f4j.ps

Solve it

+970 2 2969800

-

-

www.solveit.ps

Istedamah Programme

1800500700

-

Estedama@pma.ps

www.pma.ps/

Isnad programmer

+970 2 2969801  

+970 2 2969801

-

Isnad Programmer

The Palestinian Fund for Employment

(PFESP)

+970 2 2984184

+970 2 2956550

dania@pfpfesp.ps

www.pfesp.ps

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