Projects

Gaza Grant Facility

(Matching Grant program)

Given their vital role in economic and social development, Micro, small and medium-sized enterprises (MSMEs) lie at the heart of the Palestinian economy. That is why, at PsDF, we believe the economy of GAZA Strip to be largely dependent on maintaining efficient and ever-growing MSMEs. We also consider that such enterprises can only be sustained by enhancing their administrative, financial and operational efficiency, which, in turn, will increase employment opportunities for people in Gaza, boost commercial and economic activity.

PsDF in partnership with Global Communities are launching a Gaza Grant Facility. The Facility Financing will be focused on supporting the development and expansions of MSMEs to increase productions, competitiveness, and employment potential. The grant facility will provide matching grants that will include purchasing of equipment and machinery, marketing, and product development, improving business premises, greening activities or any other innovative requests from MSMEs in Gaza.

Priority will be upon date of submission for the grant request, while the maximum grant is 25,000 USD per application. The grant covers a maximum of 80% of the value of the expansion plan, while the applicant must pay a financial contribution of at least 20%. Procurement should be according to accepted facility’s procedure. The grant will be paid on tranches based on milestones, for example first tranche will linked to signing a contract, while the remaining is related to implementation and achievement.  

The Eligibility Criteria, General View: 

  • Acceptable legal structure and registration.
  • Feasible business idea for start-ups, a proven business model and healthy financial position for existing venture. 
  • Feasible business ideas that will be able to boost financial performance and help the businesses to become sustainable - in cases where no healthy financial performance is found/proven business model.
  • The business should not engage in illegal or immoral activities.
  • Supporting and sustaining of businesses in GAZA.
  • Capable and experienced management or have the tolerance to absorb new knowledge and improving toward institutional way of business.
  • Financing must be employed to eligible uses only.
  • Meet the matching requirement, seriousness of applicant and willingness to invest from their own resources.
  • The proposed project must not have a negative impact on the environment, with preference given to environmentally friendly projects that would have a positive effect on the environment and society.
  • The applicant's ability to implement the proposed project and complete it within 4-6 months of receiving the grant.

Eligible Financing Uses: 

  • Purchase of supplies, equipment, and machinery 
  • Improving Business Premises
  • Marketing and product development
  • Human Resource Training
  • Going Green initiatives
  • Innovative requests from MSMEs 
 
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