PROJECT

Projects

Summary of Investment Information

Project Number

51216

Company Name

PALESTINE FOR CREDIT AND DEVELOPMENT

Date SPI Disclosed

Jan 12, 2026

Country

West Bank and Gaza

Region

Middle East

Projected Board Date

Feb 12, 2026

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

May 20, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : May 18, 2026

Sector

Microfinance and Small Business - Non Commercial Banking

Additional Project Attributes

Blended Finance

Project Description

The proposed project entails a US$5 million senior unsecured loan to Palestine for Credit and Development (“FATEN”), the leading microfinance institution (MFI) in West Bank & Gaza (WB&G). The loan proceeds will be used to strengthen Faten’s resilience and support its lending activities to the micro, small and medium enterprises (MSME), including those owned by women, Internally Displaced Persons (IDPs) and refugees, and to provide countercyclical funding to the leading MFI with a widespread outreach and operations.

The Project is expected to be supported by the Global SME Finance Facility (GSMEF) as described in the Blended Finance Section.?

Associated Advisory Engagement

IFC is expected to provide additional support to FATEN in the form of Advisory Services to strengthen the Institution and enhance project outcomes. The potential IFC Advisory aims to assist FATEN in the areas including risk management and governance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation