| Mention microfinance and immediately Nobel laureate Mohammad Yunus and his successful Grameen Bank in Bangladesh comes to mind. Little is known of the microfinance sector in Palestine, inspired by Yunus, but when Faten (Palestine for Credit & Development) won the Grameen Jameel Leadership Award for 2012, “for having demonstrated leadership in its local sector, client retention, human resources, new product offerings, poverty focus and operating in a difficult environment”, the focus turned to Anwar Jayosi, the Palestinian equivalent of Yunus.
“We operate on loans obtained from the World Bank and various European Banks, and, to some extent, local banks.” Jayosi says. “We’ve adopted the Islamic banking system so as to provide each borrower with a tailor-made service”...............................................Full Article: Source
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