The Saving and Credit Cooperative Association was founded officially in 2003, with an aim to enhance the economic and social abilities of members in Palestinian villages, and enhancing their ability to obtain resources and manage them.
The Cooperative Association now consists of 9 groups including 230 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.
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 and enhancing their living circumstances.
The association targets female members from different areas of Qalqilia, 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 55 years old
Lending product characteristics:
|Product Name||Loan Limit (JOD)|
|Number of groups||9||9|
|Number of active members by the end of term||253||230|
|Total Value Shares (End of term’s balance)||43,388||42,658|
|Total Saving’s Value (End of term’s balance)||43,313||38,566|
|Total number of loans||462||472|
|Total number of issued loans||818||841|
|Total Value of issued loans||1,296,459||1,352,709|
|Number of active loans||68||60|
|Active Portfolio Value (outstanding balance of loan principal)||115,829||88,205|