The Cooperative Association for Saving and Credit was founded in Salfeet officially in 2002, with an aim to organize the Saving and Credit operations in that area.
The Cooperative Association now consists of 16 groups including 158 contributing members until the end of 2019.
Vision:
A pioneer feminine 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:
Licensed feminine cooperative association, with a financial, administrative and independent personality, funded and run by its members, practicing (Saving and Credit), along with other development activities, aiming to develop rural Palestinian women, enhancing their role in economic, social, cultural and political aspects.
Target Group:
The association targets female members from different areas of Salfeet, who are 18 years old or above (No maximum age limit is determined), but its priorities for the next five years are ladies between the ages of 18 and 55 years old.
Lending product characteristics:
| Affiliation Fees | 10 |
|---|---|
| Share’s Upper Limit | 500 |
Loan characteristics:
| Product Name | Loan Limit (JOD) |
|---|---|
| General Loan | 5,000 |
| 2018 | 2019 | |
|---|---|---|
| Number of groups | 16 | 16 |
| Number of active members by the end of term | 159 | 148 |
| Total Value Shares (End of term’s balance) | 61,995 | 55,579 |
| Total Saving’s Value (End of term’s balance) | 24,234 | 21,479 |
| Total number of loans | 757 | 757 |
| Total number of issued loans | 1,378 | 1,379 |
| Total Value of issued loans | 2,500,428 | 2,775,235 |
| Number of active loans | 40 | 25 |
| Active Portfolio Value (outstanding balance of loan principal) | 104,817 | 81,289 |