PROJECT

Projects

Summary of Proposed Investment

Project Number

30178

Company Name

PALESTINE FOR CREDIT AND DEVELOPMENT

Date SPI Disclosed

Nov 24, 2010

Country

West Bank and Gaza

Industry

Financial Markets

Projected Board Date

Dec 27, 2010

Status

Completed

Sector

Microfinance and Small Business - Non Commercial Banking

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Mar 29, 2011
Signed : Apr 7, 2011
Invested : Apr 21, 2011

Project Description

The project entails a senior term loan to Palestine for Credit and Development, Faten, a leading microfinance institution in West Bank and Gaza, to provide it with the needed financing to support its microfinance activities and expand its outreach.

Sponsor / Cost / Location

Development Impact