DAMAN for SME’s is a non-profit company for the Credit Guarantee Scheme registered in Ramallah in the Palestinian Territories under the Palestinian law. It is a partnership between the Arab Center for Agricultural Development (ACAD), the Palestinian Business women’s Association (ASALA), International Solidarity for Development and Investment (SIDI)- France. New Vision Consultancy acts as the management wing for the company.
DAMAN for SME’s is a financial compensation tool for vulnerable persons and groups such as women, youth, small and micro entrepreneurs directly affected by policies imposed by the illegal occupation. DAMAN will focus on those residing in areas affected by the separation wall in the West Bank, East Jerusalem and Gaza. DAMAN for SME’s will maintain the political risk scheme initiated in 2008, and expand it to encompass occurrences of damages endured by borrowers as a result of the Israeli occupation of the Palestinian territories, expanding its outreach in West Bank , Gaza Strip and to also include coverage to those entrepreneurs residing in East Jerusalem.