ΪΡΘάν  Site map
About Us
Clients & Services
Achievements
Partners & Links
VacanciesPublications
Contact Us

Home > Clients and Services >
Print Version Tell a Friend


Products

Reef Finance is offering two kinds of services:

  • Group financing. 
  • Individual financing.

Group Financing

  1.  Purpose:  Purchase feeds, birds and poultry and cattle.

Target group:  Agricultural associations and cooperatives
Type of financing:  In kind.
Term of financing:  Maximum 24 months.
Loan amounts: Maximum USD 100,000 for each association/cooperative.

  2.   Purpose: Purchase inputs for agricultural production (seeds, seedlings, fertilizers).

Target group:  Agricultural associations and cooperatives
Type of financing:  In kind.
Term of financing:  Not exceeding 12 months, grace period of up to 3 months depending on the type of crop.
Loan amounts: Maximum USD 50,000 for each association/cooperative.

  3.  Purpose: Purchase equipment, tools, transport vehicles and tractors.

Target group:   Agricultural associations and cooperatives.
Type of financing:  In-kind.
Term of financing:  Not exceeding 36 months.
Loan amounts:  Not more than 50% of the market value of equipment purchased.
Specific conditions: Association/cooperative should contribute at least 50%.


  4.  Purpose: Agricultural processing and manufacturing

Target group: Agricultural associations and cooperatives.
Type of financing: In-kind.
Term of financing: Not exceeding 12 months with 3 months grace period.
Loan amounts: Maximum $100,000 for each association/cooperative.

    Specific conditions, loan and collateral requirements for group financing :

    1. Association/cooperative should be registered under the law.
    2. Association/cooperative certificate of registration from the competent authority, the Union of Palestinian farmers and/or Ministry of Labour.
    3. Cash collateral of 20% from total loan amount.
    4. Association/cooperative guarantee and personal guarantors.
    5. Checks with maturity dates for all instalments.
    6. Savings box of cooperative (if in existence).
    7. Promissory notes (120% of total loan amount).
    8. Check collateral for total loan amount.

Please note any loan agreement is subject to final approval of Reef Finance Co. credit committee.



Individual financing

  1.  Purpose:  Purchase feeds, birds and poultry and cattle.

Target group:  Members of agricultural associations or cooperatives.
- Independent farmers/ agri-businesses.
- Companies specialized in agricultural sector.
Type of financing:  In kind.
Term of financing: Not exceeding 24 months.
Loan amounts:  Maximum USD 15,000.
 

  2.  Purpose: Purchase inputs for agricultural production (seeds, seedlings, fertilizers)

Target group:  Members of agricultural associations or cooperatives
- Independent farmers/ Agri-businesses
- Companies specialized in agricultural sector.
Type of financing:  In kind
Term of financing: Not exceeding 18 months, grace period not exceeding 3 months, depending on the type of crop.
Loan amounts: Maximum USD 7,000
 

  3.  Purpose: Barkassest of agriculture (farms) and greenhouses, fruit trees, fish and bees

Target group:  Members of agricultural associations or cooperatives.
- Independent farmers/ Agri-businesses
- Companies specialized in agricultural sector.
Type of financing:  In kind.
Term of financing: Not exceeding 24 months, grace period not exceeding 3 months.
Loan amounts: Maximum USD 15,000
 

  4.  Purpose:  Purchase equipment, tools, transport vehicles and tractors

Target group:  Members of agricultural associations or cooperatives
- Independent farmers / Agri-businesses
- Companies specialized in agricultural sector
Type of financing:  In kind.
Term of financing: Not exceeding 24 months, grace period not exceeding 3 months.
Loan amounts:  Not more than 50% of the market value of equipment purchased.

Specific conditions: Individual should contribute at least 50%.

  5.  Purpose: Agricultural processing and manufacturing


Target group:  Members of agricultural associations or cooperatives
- Independent farmers / Agri-businesses
- Companies specialized in agricultural sector
Type of financing:  In kind.
Term of financing: Not exceeding 12 months with 3 months grace period.
Loan amounts:  Maximum USD 15,000.

Specific conditions, loan and collateral requirements for individual financing :

    1. Farmer must have experience in agriculture.
    2. Preferably the farmer carries a certificate of Village Council agriculture and / or Cooperation Bureau, Ministry of Labour.
    3. Farmer has a practicing certificate and clearance of the assembly if the cooperative if he/ she is a member of the agricultural associations and cooperatives.
    4. Personal guarantors (2).
    5. Checks with maturity dates for all instalments.
    6. Check collateral from guarantor for total loan amount.
    7. Promissory notes (120% of total loan amount).
    8. Salary transfer from guarantors to any bank.
    9. Cooperative guarantee if member of cooperative.

Please note any loan agreement is subject to final approval of Reef Finance Co. credit committee.

Student product: Al – manfah Financing:
One of Islamic finance tools based on a lease service ( the seat of the university under an agreement with ( credit fees is very low) .

The payment for this kind of credit on monthly installments not more than 12 months without grace period. This finance could be for all study period (5 years).

 

The student must be from the Palestinian territories and rural areas in particular.
The student should be register in local universities and be successful in the previous semester to have liked this kind of credit.

- The ceiling for the student 1000$ as maximum amount for each semester depending on the number of hours register officially approved..

 

This product gives you an opportunity to pay your children high school fees easily based on the principle of beneficial ownership for profit is known and agreed upon.

 Top   


News & Events

Designed By: InterTech Co.