Many of the microfinance department’s clients operate small, often informal businesses on the margins of the economy.
They include vegetable stallholders, at-home seamstresses, garage owners and fishermen. Many run businesses that are not registered with the government, let alone municipal or tax authorities.
The vast majority of loan beneficiaries are unable to secure affordable credit from commercial banks, yet they are able to repay. These loans enable the entrepreneurs to generate sustainable incomes for themselves, their families and employees, many of whom are drawn from the poorest segments of society.
The microfinance department works in accordance with the global standards and best practices of the microfinance industry.
Our services are based on the understanding that microcredit and related financial services should be sustainable. We aim to recoup our operating expenses, while charging rates of interest that are affordable to our clients and competitive with other microfinance providers.
We strive to make our outreach operations as cost-effective as possible, by focusing our work on poor urban areas, which are centres of commercial and industrial activity and host a high concentration of Palestine refugees.