Sustainability plus

Sustainability plus program to finance damaged and new projects

About Program

Bank of Palestine has launched the "Sustainability Plus" program in collaboration with the Palestinian Monetary Authority, to provide suitable financing for the affected projects within the categories of micro, small, medium, and large enterprises. This initiative aims to enhance the capacity of project owners to initiate, develop, and ensure the sustainability of their projects. Additionally, the program aims to assist entrepreneurs in initiating start-up projects within programs financing sectors such as health, agriculture, renewable energy, and environmental conservation.

Program Benefits

Financing up to 50% for new projects

Competitive interest rate up to 5%

Loan currency in shekels

High credit coverage ceiling for large projects within financing programs for the health, agriculture, renewable energy, and environmental sectors, with loan amounts of up to 5 million shekels for agricultural projects, up to 20 million shekels for health sector projects, and up to 20 million shekels for renewable energy and environmental projects.
The repayment period of up to 8 years for large projects in the sectors of health, agriculture, renewable energy, and the environment, with a grace period of up to 24 months from the loan's lifespan.
Possibility of granting loans to other sectors according to the bank's policies and the Palestinian Monetary Authority's instructions.
Possibility of temporary overdraft repayment.
Loan duration for affected projects is up to 5 years, with the possibility of a grace period of up to 12 months from the loan's lifespan.

Conditions

The age of the borrower must be between 22 and 60 years old.
The project must be registered and licensed with the relevant authorities in Palestine.
The project must have been operational for at least two years for existing projects, and one year for new projects.

Required Documents

Copy of the borrower's and guarantors' IDs.
Sales and purchase invoices if available.
A report detailing the damages incurred by the existing project, showing the expected impact on the project upon obtaining financing.
Certificates of experience for a minimum of 3 years for new projects.