FIF - FATEN SME Credit Line II
Sector: Residential • Location: West Bank and Gaza
Source: European Bank for Reconstruction and Development (EBRD)
Provision of a senior MSME loan of up to USD 5.0 million (EUR 4.6 million) in favor of Palestine for Credit and Development (FATEN), a non-profit microfinance institution incorporated in the West Bank and Gaza in 1999. The MSME loan will be structured in two equal tranches (USD 2.5m committed tranche and USD 2.5m uncommitted tranche) and will be utilised by FATEN for on-lending to MSMEs based in t
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | repaying |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Provision of a senior MSME loan of up to USD 5.0 million (EUR 4.6 million) in favor of Palestine for Credit and Development (FATEN), a non-profit microfinance institution incorporated in the West Bank and Gaza in 1999. The MSME loan will be structured in two equal tranches (USD 2.5m committed tranche and USD 2.5m uncommitted tranche) and will be utilised by FATEN for on-lending to MSMEs based in the West Bank. The loan will be accompanied by a 20% first-loss risk cover (FLRC) funded by the European Union through its Initiative for Financial Inclusion (Neighbourhood Investment Facility - SEMED Financial Inclusion Program). The FLRC will be provided for the benefit of FATEN's portfolio of MSMEs to encourage FATEN to continue lending to the most underbanked segments of the economy. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |