Our Foundation

Asala Company for Credit and Development (Company) was founded in 2014 in compliance with the new banks law of Palestine, which also covers lending institutions. The law and the procedures of the Palestine Monetary Authority require that lending programs be provided by Private Shareholding Company registered with the Ministry of National Economy and authorized by the Palestine Monetary Authority. Asala Company for Credit and Development was registered on November 4, 2014; registration number is 562528471. Authorization for Asala Company for Credit and Development was received on October 28, 2014 from the Palestine Monetary Authority.

Latest News

601, 2016

Sharakat Fund invests in Asala Company for Credit and Development to finance businesswomen at marginalized areas in Palestine

Sharakat Fund, an MSME Investment and Financing Platform, launched by the Palestine Investment Fund signed [...]

601, 2016

Organisational development of Asala Company

Strategic Planning 2014 - 2015 Workshop Asala Company for Credit and Development conducted a workshop [...]

Our Vision

Vision

Enhance effective and successful participation of Palestinian women in economic activity.

Our Mission

Mission

Asala Company for Credit and Development is a Palestinian development company that contributes to enhance and empower low-income women in order to alleviate poverty and realize economic development in Palestine. This is accomplished by provision of financial services as well creation of job opportunities by financing small businesses in Palestine.

Our Values

Values

Accountability, professionalism, commitment, participation, solidarity, innovation, empowerment.

Our Success Stories

601, 2016

Khulood: I am satisfied with my current conditions; however, I want my dreams to come true

Khulood Nimir, 27, from Bidia in Salfeet district, married and has one child. She used to sell clothes from home in Bidia then she took out a loan from Asala Company for Credit and Development [...]

601, 2016

Nawal: I am still young; I will continue to work to make my children’s dreams come true

Nawal Ibrahim, 51, from Deir Abu D’eef in Jenin. She has ten children aged 19 to 38. Her husband cannot work for health reasons. Nawal is a farmer like many people in the northern districts [...]