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Micro Enterprise Program

 About the Program: 

 The PMA has launched the Micro-Enterprises Financing Program to support project owners in developing their projects and building their capacities. Small and medium-sized enterprises (SMEs) represent 98% of projects in Palestine. Program Objectives: Introducing new products and services. Contributing to the creation of production chains. Enhancing the resilience of artisans and craftsmen and preserving their production. Providing new job opportunities for youth, women, and marginalized groups, and contributing to poverty alleviation efforts. Empowering micro-projects and enterprises to sustain production cycles and preserve job opportunities. Developing women-owned projects, considering gender equality, and creating special outlets for women.

 Financing Features: 

  • Interest-free (no interest).
  •  Financing ceiling up to USD 10,000.
  • Grace period up to 12 months.
  • Repayment period up to 48 months.

Banks Offering This Program:  

  •  Quds Bank.
  • Cairo Amman Bank.
  • Arab Islamic Bank -Portfolio balance has been exhausted.
  • Palestine Islamic Bank - Portfolio balance has been exhausted.
  • Housing Bank.
  • Safa Bank.
  • Jordan Ahli Bank.
  • Bank of Palestine - Providing for persons with special needs.

 Application Requirements for Financing :

  •  The borrower must be at least 22 years old.
  • The applicant must own the project or hold at least 51% ownership, managing it personally for at least one year.
  • The project should employ no more than 4 workers.
  • The project's annual sales should not exceed USD 200,000. 
  • The project must be registered with an official authority, institution, or association, or possess a tax file.
  • The borrower should not have outstanding installments.
  • The borrower must provide evidence of using the loan for the intended purposes.
  • Monthly project income or other family activities should be sufficient to cover the monthly loan installment.
  • The loan amount should not exceed USD 10,000 under any circumstances.

 Financing Application Process: 

Applications for financing are submitted through the Monshati: 

  • You need to log in or create a new user account to apply for financing.
  • Fill out the information in the financing application and attach the required documents.
  • Track the application through the platform and follow up with the bank through which the financing application was submitted.