This type of loan, called “Sayedati” in Arabic, is part of Alibdaa’s efforts to reach underserved women in Palestine. The loan is unique in that it is one of the only products available in Palestine that does not require a guarantor. Through this product, Alibdaa is working to reach women in Palestine who would be unable to receive a loan otherwise or are not being served by other microfinance institutions. By supporting this loan you are helping an underserved woman in Palestine develop her new or existing small business or cover other financial expenses.
About Al Ibdaa Microfinance:
Alibdaa Microfinance is a microfinance institution in Palestine with the goal of increasing entrepreneurial activity, especially among women, by providing sustainable financial services. They currently work in five areas within the West Bank, focusing on small villages and more rural parts of the West Bank. Alibdaa seeks to keep their loans small in order to reach the neediest populations in Palestine.
A loan of $1,500 helps to buy fodder and medicine for her goats.