The Foundation consolidates its partnership with Faten in Palestine

The Foundation recently granted a new loan in local currency equivalent to 3 million euros to Faten, a microfinance institution established in 1999 by Save-the-Children in the Palestinian Territories. Faten is registered as a non-profit limited liability company and is supervised by the Palestinian Monetary Authority (PMA). Faten's mission is to meet the financial services needs of low- and middle-income Palestinian entrepreneurs and individuals.

The partnership between Faten and the Foundation began in 2012 and since then, three loans have been granted for a total amount of 4 million Euros.

As of April 2022, Faten served 25,981 active borrowers (331 women and 681 rural borrowers) and managed a portfolio of €135,947,533. The institution operates throughout the Palestinian territories (West Bank and Gaza) through a network of 35 branches and 266 employees.

The Foundation now has two partners in Palestine, where it has been present since 2012: Faten and Acad.

To learn more about our partners, Click here.