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Additional Information

More information about this loan

This loan is part of ACAD's new pilot project to offer water loans for farmers to irrigate their land. Limited water access is a serious issue for many farmers in the West Bank. These loans are designed to help them buy water tanks, create holding pools, or build irrigation systems to improve their crop yields and income.

Important Information

The Arab Center for Agricultural Development (ACAD) is a microfinance organization operating in Ramallah, Palestine. Founded in 1993, it provides micro-loans, small loans, and agriculture loans and more to poor and low-income Palestinian entrepreneurs. ACAD focuses on several areas of development including offering credit, fostering community and building cooperatives.

Kiva lenders’ funds are used to help ACAD serve more people in remote areas, especially farmers working in agricultural cooperatives. Additionally, these funds enable ACAD to offer loans at lower interest rates to ensure that even the poorest Palestinians have access to affordable credit.

Tags

About Palestine

  • $2,900
    Average annual income
  • 105
    View loans »
    Palestine Loans Fundraising
  • $10,947,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back - Delinquent
A loan of $5,000 helped this borrower to rehabilitate the irrigation network for her thyme farm.
52% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A