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micro finance
Micro Finance
Muslim Aid has also begun a brand new micro-finance project to allow Palestinians to begin lifting themselves out of hardship. Micro-finance is the provision of small loans (microloans) to those in poverty, designed to spur entrepreneurship. So far Muslim Aid has supported its partner in acquiring fishing boats, cattle breeding, setting up computer maintenance and retail trading, purchasing taxis and developing an agricultural supplies shop.
By seeking out the neediest Palestinians and giving them funding and advice it is hoped that they will develop these businesses and help themselves out of hardship. What is unique about this project is that its overhead costs are minute because the loans will be paid back once the business gets off the ground.
Do you want to help?
These projects and our work in Palestine are still in desperate need of your support. Please Donate whatever you can.
- You can support these projects now by picking up the phone or donating online. You can also organise your own fundraising event. We have tips and ideas to get you started and we will support you in any way we can.
- You can sponsor a child through our Rainbow Family sponsorship programme. Click here for more info.
- If you would like to volunteer for us, see our volunteer page.
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