Asala began offering lending services in 1997 through the Palestinian Businesswomen’s Association – Asala, a non-profit organization registered with the Ministry of Interior. By the end of 2013, the lending services were separated from the association, and Asala for Development and Lending was established as a specialized, profit-oriented lending company – a private limited shareholding company. It was registered with the Ministry of Economy and obtained a license from the Palestinian Monetary Authority to carry out its lending activities. The general assembly of Asala consists of investors from the Palestinian Businesswomen’s Association – Asala, which holds 72.51% of the company, the Palestine Investment Fund - PIF with 26.83%, and 0.66% held by individual founders and members of the Palestinian Businesswomen’s Association – Asala.
Asala for Development and Lending is a Palestinian development company dedicated to supporting and empowering women and youth by offering suitable financial services to help them establish and grow productive projects, create permanent job opportunities, and contribute to sustainable development and poverty reduction in Palestine.
● Continuously enhancing and strengthening the institutional and organizational capabilities of the company.
● Contributing to the economic and social empowerment of women, ensuring their active participation in Palestinian society.
● Ensuring that the company’s financial services for small business owners remain sustainably effective.
● Contributing to the economic empowerment of youth and creating job opportunities for them.
Enhancing the successful and effective participation of Palestinian women in economic activities
Accountability, Professionalism, Transparency, Commitment, Participation, Solidarity, Innovation, Empowerment
Get to know the Board of Directors team
Meet Our Team
