Palestine for Credit and Development (FATEN)
Palestine for Credit and Development (FATEN)
About

Palestine for Credite and development - FATEN was established in 1999 as a private non-profit company registered in the Palestinian Ministry of Economy and licensed by the Palestinian Monetary Authority (PMA) since May 2014.

The Foundation started its career by focusing on women, issuing group loans helping women and marginalized community establishing their own business. It has been seeking to improve the level of it's financial services in Palestine, started by providing loans to micro, small and medium projects, and now expanded its services to meet all the financial needs of the different ecomomical sectors, creating new job opportunities and reducing poverty rates And unemployment.

FATEN is today one of the largest national institutions, with more than 37 branches spread throughout the country. It covers more than 500 different sites especially the refugee camps, rural areas and marginalized community, with a staff of 282 employees and more than 39,713 borrowers. (32.56%) of women.

FATEN works hard to keep up with the information and technology developments in the field of finance and contributes to the process of construction and development in accordance with the international policies and practices to meet the requirements of good governance, accuracy and transparency.

FATEN Foundation received local, regional and international awards for its role and excellence in providing financial and non-financial services, including the "Leadership Award" in the Arab world, and its clients have won many awards, including the "Queen Sabika of Bahrain" and "Planet Finance" awards.

The organization is committed to Its slogan "Helping people to help themselves". This slogan stems from its vision to serve the unfortunate segments in the Palestinian society, believing that the prosperity and success of these segments are inseparable from the institution's prosperity and success.

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Type of organization

Palestinian Territory, Occupied
1 office
1999
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Company Offices

  • Palestinian Territory, Occupied (headquarters)
  • Altereh, Ramallah