NASIRA is a risk sharing facility for local financial institutions. It offers a portfolio guarantee to stimulate lending to underserved segments. The goal is to allow local financial institutions to provide loans to groups they normally perceive as too risky. It targets portfolios consisting of loans to young, female, COVID-19 affected and migrant entrepreneurs (including refugees, returnees and internally displaced people). By so-called ‘risk-sharing’ NASIRA reduces the perceived and real risks of lending to vulnerable and underserved parts of the population. It enables and stimulates financing needed for microenterprises and SMEs who want to grow their business.
If you have questions about NASIRA, please contact: email@example.com
With a growing population of which more than 70 percent is under the age of 30, and one of the highest unemployment rates in the world (50% in Gaza in 2018), economic growth and financial inclusion is high on the priority list of the Palestinian authorities.
Vitas Palestine, a micro finance institution, and the European Commission, the European Union Delegation and FMO – are working together to address the needs of youth- and women-run small and medium-sized enterprises (SMEs) with a USD 10 mln portfolio guarantee and Technical Assistance program. The film was made by Palestinian Media Group (PMG) in cooperation with FMO.