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start up - strumenti finanziari per accesso al credito

Palestine

Initiative timeframe: 2013/2015

Total initiative costs

€ 21,800,000.0
Reparted as
  • Loans € 20,000,000.0
  • Grants € 1,800,000.0

Dati finanziari aggiornati al 23.11.2015

Status

50 Complete
50%

Palestine


Location

West Bank and Gaza Strip

Photo gallery

START UP Palestine – will be aimed to tackle the need of credit of vulnerable categories and financing micro and small entrepreneurship’s initiatives through existing financial institutions (Palestinian Funds for Employment and Social Protection, Cooperatives Associations for Saving and Credit and other financial non banking institutions), as well as expanding the operational capacity of Small and Medium Enterprises (SME’s) in order to stimulate employment opportunities. The credit line (soft loan) amount is 20.000.000 euro. The budget support component amount is 1.800.000 euro. read more close

Main outcome

Improving the capacity of the Palestinian Fund for Employment and Social Protection to provide financial instruments and technical assistance (advisory and coaching services) to marginalized and vulnerable categories and primarily to young graduates and women, as well as the unemployed workers in general, thus implementing guidelines and policies of the Palestinian National Authority and strategies stemmed from the Ministry of Labor’s mandate. Increase the capitalization of Cooperative Associations for saving and Credit and their ability to provide their members as well as agriculture cooperatives and farmers in Palestine with structured financial products and advisory services.

Initiative data

Initiative number 010114
Purpose Financial policy & admin. management
Sector II.4. Banking & Financial Services, Total

Subjects

Agency MAE - Direzione Generale per la Cooperazione allo Sviluppo
Counterpart authority Ministry of Finance; Palestinian Fund for Employment and Social Protection (PFESP-Ministry of Labour)
Representative -
Other financiers -

Beneficiaries

Key beneficiaries are primarily Palestinian micro and small enterprises (MSMEs) as single units or cooperatives of workers/farmers etc., as well as partnerships businesses based on gender equality. A specific attention will be paid to start up companies especially those set up by young entrepreneurs and women entrepreneurs and also existing MSMEs will be targeted by the programme activities. Farmers’ cooperatives operating in Palestine, especially those residing and working in Area C and beside the separation wall, will be addressed as well as they share the same difficulties in accessing affordable finance as other beneficiaries. Specific attention will be paid to the Cooperative Associations for Saving and Credit (CASC) system that along the years have assisted Palestinian farmers’ cooperatives in intended locations. As CASC are often undercapitalized, with the consequence that often they are not able to provide members with the needed financial services, a specific instrument to support the capitalization of such entities will be designed as well.

Beneficiaries of which females 80.0%
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CONSOLATO GENERALE D'ITALIA GERUSALEMME

Status On Going
Type Technical Assistance/Consultancy and related expenses
Procedure Competitive Bidding
Procurement notice Tender preparation

DGCS

Status On Going
Type Technical Assistance/Consultancy and related expenses
Procedure Competitive Bidding
Procurement notice Tender preparation

DGCS

Status On Going
Type Technical Assistance/Consultancy and related expenses
Procedure Competitive Bidding
Procurement notice Tender preparation

Ministry of Finance

Status On Going
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation