ACAD MICROFINANCE PALESTINE

Promoter – Financial Intermediary

ACAD (Arab Center for Agricultural Development)

Location

• Palestine*

Description

Participation in a Palestinian microfinance organisation: transformation of an existing association into a sustainable financial company.

Objectives

The project consists of backing ACAD in the transformation process from an association to a sustainable financial company, with a wide scope of providing credit to farmers as well as to other micro-entrepreneurs.

Comments

Sector(s)

• Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

EUR 1 million

Total cost (Approximate amount)

EUR 11 million

Environmental aspects

In line with EIB's requirements.

Procurement

NA

Status

Signed - 11/09/2013