Microenterprise Financing: Empowering Women in Rural Areas

Your ambition is not impossible

Unique Advantages:

Complete coverage for project needs through financing up to 100%, with a maximum limit of $10,000.

The possibility of a grace period of up to 12 months, within the loan's tenure, as needed by the project.

Bank of Palestine offers free consultancy services

for microenterprise owners in underserved areas to enhance their leadership, management, and sound financial decision-making skills. These services include financial literacy and workshops in financial management, marketing, and other fields.

  • Microenterprise owners in underserved regions, both existing and new bank clients, can apply for the loan.
  • E-Commerce Digital Point of Sale (E-Commerce) service, an online electronic payment gateway.

Loan Eligibility Requirements:

  • The borrower must be at least 22 years old and not older than 60 years at the time of the last installment payment. The borrower must be a Palestinian citizen and have been a resident in Palestine for at least 3 years.
  • The project should be registered with one of the official departments, institutions, or Palestinian associations (such as municipalities, village councils, service committees, or any other entity)
  • The project workforce must range from 1 to a maximum of 9 employees, and the project's annual sales rate must not exceed $200,000.
  • The applicant must be the owner of the project or possess ownership of no less than 51%, based on the 'Start-Up' policy. New projects can also be targeted, provided a minimum experience of 3 years.

A few documents:

Flexibility in guarantees

with a transferred salary and/or possessing account activity with Bank of Palestine or Arab Islamic Bank. Alternatively, providing at least one guarantor with a transferred salary to other banks for a period of no less than two years and presenting guarantee cheques from their account at the other bank, as per the decision of the Facilities Department.
The possibility of presenting other acceptable guarantees according to Bank of Palestine's policies and granting standards (such as cash guarantees, car mortgage, gold mortgage, personal guarantees, equipment mortgage).

Application forms can be obtained by visiting the Employment Offices within the Ministries of Labor in the West Bank provinces. For Gaza Strip provinces, you can acquire the forms by visiting Bank of Palestine branches and its offices.

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