This initiative provides community members with micro-loans to encourage entrepreneurial business ventures and to support personal growth.
WPA began giving out micro loans in 1998, when UNRWA contributed $10,000 to WPA Bourj El Barajneh to jumpstart a project called “Guaranteed Group Loans”. Given its astounding success rate, the project bloomed, and from 1998 to 2017 over 5,000 women received loans and were enabled to better their standards of living and to advance their business ideas.
With the support of Alfanar, the program grew into a project called The Amal (meaning ‘hope’ in Arabic) that includes both business loans and personal loans. The participants are also given business skills training.
One group of entrepreneurial women used the loans to jump-start a successful internet café, and now have the means of supporting their own families.
The project has a 99% success rate.