"Your Project" Program

Your Project Program

The partnership between Bank of Palestine and the Ministry of Labor with the PEF and the Ministry of Finance aims to finance the unemployed and entrepreneurs with good business ideas to start their own projects, provide the necessary support, enhance business, follow-up, register and provide non-financial advisory services to ensure their success. The allocated budget is, $50 million to finance these projects. The PEF role is limited to providing technical support conversely for getting a percentage of 1% in order to cover the administrative fees only.

Program conditions:

• Applicants should be new graduates or unemployed or low-wage employees.
• Specification of the projects should be guaranteed, productive or serves development sector.
• Adherence to the criteria and provide the guarantees required by the bank to obtain the loan, and they can be guarantors who transfer their salaries to the bank or guarantees in cash or in kind.
• Palestinian citizens not less than 20 years old.
• A commitment to work on the project within the time period of the loan repayment and to have the ability to implement the project.
• Applicants must be dynamic, proactive and creative wants to improve their living situation and have professional and entrepreneur skills.
• Knowledge and experience in the project’s field.
• Provide a feasibility study
• The project should be developmental, productive or service oriented, advantageous, durable and sustained.
• Able to employ at least one person.

Commitments of PEF and MoFP towards the agreements:

• Full cooperation with the bank to manage the project in all its details.
• Conduct field visits to the implemented projects to see the workflow.
• Involve and share with the bank all the media coverage and press releases related to the project mentioning the Bank in all these coverages as a main partner.
• Write success stories of the distinctive projects under this program.
• Diagnostic study of the qualified applications should be consulted by all partners.
• All revenues from this portfolio covered by this agreement is exempt from bank income tax.