The Rural Women Cooperative Association for Saving and Credit L.L was founded in Jerusalem officially in 2003, with an aim to organize the Saving and Credit operations in that area.
The Cooperative Association now consists of 18 groups including 649 contributing members until the end of 2019.
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.
The Association is pioneer through:
- Providing services that satisfy the needs of its members
- Depending on its internal liquidity
- Constant development for the loan portfolio
- Providing high quality services
- Earning profits for members
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, especially in Palestinian villages, enhancing their role in economic, social, cultural and political aspects, based on the rules, principals and cooperative work ethics that are based in Self-Management, democracy, equality, justice and cooperation.
The association targets female members from different areas of Jerusalem, 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 45 years old.
Lending product characteristics:
|Share’s Upper Limit||500|
|Product Name||Loan Limit (JOD)|
|Medical Loan||غير محدد حسب الحالة|
|Special Needs Loan||10,000|
|Number of groups||17||18|
|Number of active members by the end of term||647||649|
|Total Value Shares (End of term’s balance)||177,459||171,930|
|Total Saving’s Value (End of term’s balance)||197,219||205,044|
|Total number of loans||683||720|
|Total number of issued loans||1,379||1,478|
|Total Value of issued loans||3,317,090||3,700,390|
|Number of active loans||192||180|
|Active Portfolio Value (outstanding balance of loan principal)||366,581||421,831|