Loan Guarantee

The European Palestinian Credit Guarantee Foundation (EPCGF), in collaboration with the European Union (EU) and KfW Development Bank, has taken another significant step towards promoting financial and social inclusion in underprivileged regions of Palestine. The joint initiative launched by EPCGF in the beginning of FY 2023 focuses on extending loan guarantees to partner banks and Microfinance Institutions (MFIs) in marginalized areas, including East Jerusalem, Area C, and the Gaza Strip Notably, there is a particular focus on supporting economic sectors that have been severely impacted, such as agriculture and tourism along for higher guarantee coverage and more competitive fees, providing a cost-effective solution for the beneficiaries. This initiative will have a substantial impact, with a total investment of USD 134 million allocated to stimulate growth.