The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation recently disbursed a local-currency loan approximately equivalent to USD 3.2 million to the microfinance institution (MFI) Palestine for Credit and Development, which is also known by its Arabic name Faten. Founded in 1999 and based in Palestine’s West Bank, Faten is an NGO that seeks to
Tag: Palestine
MICROCAPITAL BRIEF: EBRD Boosts Loan Ceiling of Quds Bank to Support Cross-border Trade, MSMEs in West Bank, Gaza
Recently, 
the UK-based European Bank for Reconstruction and Development (EBRD) agreed to increase the credit line it has open for Quds Bank, a commercial bank operating in the West Bank and Gaza, by USD 10 million. Half of the new increment is for Quds Bank to use for
MICROCAPITAL BRIEF: Netherlands Development Finance Company (FMO) Loans $5m to Vitas Palestine for Microfinance
The Netherlands Development Finance Company, which also is known by its Dutch acronym FMO, recently loaned USD 5 million to the microfinance institution (MFI) Vitas Palestine. FMO sourced the funding from MASSIF, an investment vehicle it manages for the Dutch government that is meant to