Acad

acad

Based in Ramallah, ACAD, the Arab Center for Agricultural Development, over the years has expanded to cover the entire West Bank and Gaza Strip and has managed to evolve from a purely agricultural institution to a diversified micro credit company.

In 2014, ACAD Finance, a regulated specialized lending institution was created. ACAD Finance is a shareholding company with capital of US$ 5.35 million; ACAD NGO holds the largest share (56%), with 4 international investors, SIDI (F), Grameen-Credit-Agricole Foundation (F), European Investment Bank, and Triple Jump (NL).

ACAD Finance has 9 branches in the West Bank and Gaza Strip.

In 2014, ACAD granted 1,332 loans with a total amount of US $ 4.5 million. By the end of 2015, the lending portfolio amounted to US $ 5.6 million.

The commercial sector got 52% of the granted loans, followed by the agricultural sector which is  32%. Also,55% of the portfolio is located in rural areas and 15% in refugee camps. It is important to note that 65% of ACAD’s clients are women.