Daman for Small and Medium Enterprises (SMEs) is a Palestinian non-profit organization specialized in credit guarantee programs and registered in Ramallah under Palestinian law. The company was established as a partnership between the Arab Center for Agricultural Development (ACAD), the Palestinian Businesswomen’s Association (ASALA), and Solidarité Internationale pour le Développement et l’Investissement (SIDI) – France, while New Vision Consulting serves as the organization’s administrative arm.
Daman was established with the goal of strengthening access to finance and supporting the sustainable growth of Palestinian entrepreneurs and small and medium enterprises. The organization enables financial institutions to provide financing and credit responsibly and confidently, particularly to entrepreneurs and sectors that often face barriers to accessing financial services or are classified as higher-risk groups.
Through credit guarantees and risk-sharing mechanisms, Daman expands financing opportunities that contribute to business growth, job creation, and local economic development.
Amid ongoing political and economic challenges in Palestine, Daman plays a key role in supporting business continuity and strengthening the resilience of enterprises. The organization focuses on empowering the most vulnerable and underserved groups, including women, youth, and owners of small and micro-enterprises, especially in areas affected by political and economic constraints across the West Bank, East Jerusalem, and the Gaza Strip.
Daman also develops and expands risk-sharing programs and political risk coverage mechanisms aimed at reducing the financial burden on entrepreneurs operating under exceptional circumstances. Through strong partnerships with financial institutions and relevant stakeholders, Daman seeks to position finance as an effective tool for economic inclusion, social protection, stability, and sustainable development, contributing to a more equitable and resilient Palestinian economy.
