Cooperative Association for Saving & Credit - Hebron

The Cooperative Association for Saving and Credit was founded in Hebron officially in October 2007, with an aim to enhance the Economic and social abilities of its members in Palestinian Villages, and enhancing their abilities in obtaining resources and managing them.

The Cooperative Association now consists of 12 groups including 283 contributing members (Males and Females) until the end of 2019.

Vision:

A pioneer association that provides financial services, specially (Saving and Credit) to its members, it has a vital role in providing a better life for its members in all life aspects, and it is an example of how giving, contributing in cooperation should be.

Mission:

Independent feminine cooperative association, practicing (Saving and Credit), along with other development activities, aiming to develop rural Palestinian women, especially in Palestinian villages and enhancing the living circumstances of members.

Target Group:

The association targets female members from different areas of Hebron, who are 18 years old or above (No maximum age limit is determined), but its priorities for the next five years are youth between the ages of 18 and 50 years old.

Lending product characteristics:

Affiliation Fees 10
Share’s Upper Limit 300

 

Loan characteristics:

Product Name Loan Limit (JOD)
General Loan 3,000
Project Loan 5,000

 

  2018 2019
Number of groups 12 12
Number of active members by the end of term 310 283
Total Value Shares (End of term’s balance) 60,901 60,499
Total Saving’s Value (End of term’s balance) 5,432 6,814
Total number of loans 218 236
Total number of issued loans 406 435
Total Value of issued loans 596,073 692,973
Number of active loans 66 59
Active Portfolio Value (outstanding balance of loan principal) 80,119 118,278