Microenterprise Financing: Empowering Women in Rural Areas
Your ambition is not impossible
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.
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
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.