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 |