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Faten II

Sector: Bridge • Location: West Bank and Gaza

Source: International Finance Corporation (IFC)

Project
Completed

Faten started as a program under Save the Children in 1995 and was spun-off in 1999 into a not-for-profit Company with a mission to serve the financial needs of low and middle income Palestinian entrepreneurs and individuals. Currently, Faten is the largest Micro Finance Institution (“MFI”) in West Bank & Gaza (“WB&G”) and serves its clients through an established network of 35 branches and staff

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Project Information

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The project “Faten II” is an infrastructure initiative in the Bridge sector, located in West Bank and Gaza. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

Faten started as a program under Save the Children in 1995 and was spun-off in 1999 into a not-for-profit Company with a mission to serve the financial needs of low and middle income Palestinian entrepreneurs and individuals. Currently, Faten is the largest Micro Finance Institution (“MFI”) in West Bank & Gaza (“WB&G”) and serves its clients through an established network of 35 branches and staff of 219 people.IFC is considering a potential investment in the form of a senior loan of up to US$ 5 million to support Faten’s micro and small and medium size enterprises (“MSME”) portfolio growth and the expansion of its reach to low and middle income Palestinian. The proposed project builds on IFC’s previous engagement with Faten, where IFC extended a US$ 3 million senior loan (project #30178), which has since been fully repaid.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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