Palestine-based FATEN achieves high score in Social Performance and Impact Rating

Palestine for Credit and Development, known as FATEN, a microfinance service provider established in 1998, with the purpose of providing financial services to low-income entrepreneurs, has achieved an SPIR2 rating.

Santiago Arnaudin, Director of Social Ratings at I[SR] said: “Among the main drivers of this rating, solid human resources policies and practices stand out, along with tools to guarantee the protection of beneficiaries, such as appropriate debt collection guidelines and a good repayment capacity analysis. The consolidation of its environmental protection practices and its impact measuring function, stand out as opportunities for improvement that could positively affect the rating.”

Click ici to access FATEN’s Social Impact and Performance Rating.