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FACILITY MANAGEMENT UNIT TO SUPPORT THE PALESTINIAN SME. FONDO IN LOCO

Palestine

Is part of the initiative
CREDIT LINE FOR PALESTINIAN SMEs
€ 650,000
Committed
€ 650,000
Used

Agency

MAE - DGCS

Channel reported

Central government

Description

The programme aims to provide loans for Palestinians small and medium enterprises supporting the access to the credit system and enhancing the economic and living conditions of Palestinian people by creating jobs and generating economic growth and income. Within the context the programme purpose is the support to Palestinian SMEs, in order to save their actual level of production seriously menaced by the on going crisis through the provision of a soft loan (25 Million Euro credit line) aimed to finance technology and know how transfer from Italy. The disbursement of the soft-loan will be effectuated throughout 38 years. Loans will be made to the following Palestinian economic sectors: - Group I: manufacturing industry; - Group II: agriculture and agro-industry; - Group III: related services. read more close

Year Committed Used
2015 € 74,000 € 74,000
2013 € 86,000 € 86,000
2010 € 165,000 € 165,000
2008 € 325,000 € 325,000

Project data

  • Expected start date 26/10/2008
  • CRSID2010001085
  • Purpose Small and medium-sized enterprises (SME) development
  • Finance type Aid grant excluding debt reorganisation
  • Flow type Official Development Assistance
  • Bi/Multilateral Bilateral