Reinforcing Med Microfinance Network System for Start-ups

Palestine National Mesures – ACAD Forsa

ACAD Forsa
ACAD
Website: https://www.acad.ps/acad-finance/
NATIONAL OR LOCAL	Local
Starting year	2022	End year
A program to finance small and micro enterprises, targeting new and existing enterprises, youth and women, at preferential interest rates.

What kind of activity does this project finance?

Creation of new businesses	Yes
Strengthening of existing businesses	Yes
Specific investments – specify the type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods),	Entrepreneurial projects and financing of fixed assets and working capital
Training activities	No

What type of financing is it?

Low-interest loan (indicate the repayment time and, if present, the requirement for collateral)	Yes Can be up to 60 months the requirement for collateral: Bank guarantee, checks, bills of exchange, notary deed
Non-repayable grant (indicate the percentage of the non-repayable fund)	No
Other	No

How does the activation of the project work?

One-stop-shop (physical or virtual), where the potential beneficiary can go whenever he/she wants.	Yes
Call with closing date

Financial entity of the project (indicate the resources allocated)

Overall amount	$ 1,900,000
% facilitation for each beneficiary	Up to 100%
Minimum amount that can be financed	$5,000
Maximum amount that can be financed	$30,000
Origin of financial resources (European, State, Regional Authority, Municipal authority, other)	State Authority

Type of funded social structure (indicate if belonging to a specific category is required in order, to access the project)

	Female (MUST)	Over 50	Unemployed	Disadvantaged groups	Youth (18-36)	Other (specify)
New Ideas	50%				60%	Startup 30%
SME/ Existing Businesses

Does the project provide for accompaniment and training or only financial support?

Financial support + accompaniment/training
Only Financial support	Yes

How many initiatives have been financed in the last 3 years and for what economic amount?

Number of initiatives 142 Beneficiaries

Total economic amount $1,436,800