Noor Palestine Solar Program

Enables renewable energy

Ibda’ Program for Young Entrepreneurs- Funding track

It aims at providing loans to young entrepreneurs through Micro Finance Institutions (MFIs) and financial leasing companies operating in Palestine, to support both Start-ups and existing projects. The Arab Fund for Economic and Social Development provided a loan of $30 million to the program.
By the end of 2019, Ibda’ provided loans worth of $20.5 million to Microfinance Institutions and financial service providers, who in their return financed 1,712 projects through loans with a total value of $16.10 million. These loans contributed to the provision of 3,500 jobs. 40% of the beneficiaries of the total portfolio for these projects were women while all the loans targeted youths’ projects aged 18-35 year.

Economic Empowerment program for Palestinian Refugees in Lebanon

The program was launched to provide loans (ranging from $500-$5,000) targeting income-generating projects for Lebanon Palestinian refugees. It is implemented through four Palestinian and Lebanese lending institutions operating in Lebanon.
By the end of 2019, more than 4058 loans were provided in Palestinian refugee camps and communities, with a total value of $ 7.25 million. 51% of the total number of beneficiaries are young people, while 27% are women. Since its inception in 2012, this program succeeded in creating and retaining a record of 6,500 jobs.

Tamkeen Fund

PIF decided to invest an amount of $25 million in Tamkeen Fund over the coming few years. The Fund is an investment development vehicle with a capital of $500 million that was established by the Islamic Development Bank in Jeddah with a mission to enable the Palestinian economic environment by investing in economic viable projects that have developmental and social impact.

Jerusalem Matching Grants Facility

This program -funded by the EU and PIF – provides grants (matched by the beneficiary) to SMEs operational in Jerusalem, taking into consideration that MSMEs are the backbone of the economy in the holy city. A second phase of the program was launched in mid-2018 based on the successful track record of phase one that ended in 2017. The program targets SMEs that demonstrate their ability expand and develop their business activities with the goal of creating jobs for Jerusalemites.
By the end of 2019, it provided 25 SMEs with loans at the value of 870.00 Euro, thus; creating and retaining 180 jobs. 65% of the beneficiaries are young people (less than 36 years) and 24% are women, and 30% of the supported projects are start-ups.

Additionally, in partnership with Oxfam and loans from the Swedish Agency for International Development (SIDA); technical support (planning, feasibility studies, and needs assessment) was provided for 15 projects in the Old City of Jerusalem to develop projects and plans that incentivize shop-keepers to reopen their shops in Bab Al Jadid and Qataneen Market. Most of the shops that were supported were closed since 50 years due to the challenges set by the Israeli occupation in the Old City.

Jerusalem Program for lending SMEs

The program provides funding for SMEs operating in Jerusalem with flexible terms. The Arab Fund provided a $4.5 million loan portfolio for this program. Around 64 loans of a total value of $3 million were provided to SMEs in Jerusalem, covering various sectors including industry, services, trade, and tourism. The program managed to create 550 new job opportunities.