The Initiative of Saving and Credit started in Jenin by the end of 1999, and was officially licensed as Women Cooperative Association for Saving and Credit L.L in Jenin by the year 2002, with an aim to organize the Saving and Credit operations in that area.
The Cooperative Association now consists of 21 groups including 584 contributing members until the end of 2019.
A pioneer feminine local 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.
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.
The association targets female members from different areas of Jenin, 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 40 years old.
|Product Name||Loan Limit (JOD)|
|Educational Loan||حسب قسط التعليم|
|Electronics Purchase Loan||3,000|
|Number of groups||21||21|
|Number of active members by the end of term||597||584|
|Total Value Shares (End of term’s balance)||206,701||197,429|
|Total Saving’s Value (End of term’s balance)||128,744||145,297|
|Total number of loans||1,313||1,319|
|Total number of issued loans||3,718||3,744|
|Total Value of issued loans||6,924,493||6,968,401|
|Number of active loans||204||152|
|Active Portfolio Value (outstanding balance of loan principal)||242,349||162,617|