The Grameen Credit Agricole Foundation invests in Palestine
In November, the Grameen Crédit Agricole Foundation signed a new partnership agreement in Palestine with the microfinance institution FATEN for a loan amounting to one million euros in local currency. FATEN, an NGO that provides financial support to small entrepreneurs in Palestine, also supports projects in new economic sectors, as well as farmers who own isolated land near Israel’s separation wall. Its product offering includes group loans, individual loans, Islamic lending, and housing and start-up loans. FATEN is the largest microfinance institution in the region and is active in remote areas. The current stability has allowed FATEN to grow while continuing to serve a majority of women clients, with a high outreach in rural areas and refugee camps.
The Foundation now has two partners in Palestine, where it has been present since 2012.
More information about the Foundation's partners here.