Reef Finance

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About Reef Finance

Reef Finance is a microfinance institution based in the city of Ramallah in the Occupied Palestinian Territories. It has branch offices in Hebron, Nablus and Gaza with smaller offices in Jenin, Tulkarm, Yatta, Qalqilyah, Salfit, and Khan Younis. Reef means 'rural' in Arabic and the organisation was registered as a not-for-profit company in 2007 with the Ministry of National Economy. It began providing loans in 2008, primarily to small-scale farmers although it also finances a small number of agricultural co-operatives.

What is Reef Finance's mission?

Reef Finance's mission is 'to improve the living conditions of rural Palestinians' through providing 'high quality financial services to both individuals and co-operatives'. It estimates that 98% of its clients are rural - a higher proportion than any other microfinance institution in the Occupied Palestinian Territories.

What types of financial services does Reef Finance provide?

Reef Finance provides agricultural, trade, housing and personal loans to individuals. The largest loans are only given to agricultural co-operatives or partnerships of two or more borrowers. Slightly more than half of all loans, 56% are provided for agricultural activities, typically the construction of greenhouses, and the purchase of sheep, cows and poultry. Approximately 16% of borrowers are women. Most loans are given in kind rather than in cash. The organisation supports this methodology, especially for agricultural loans because it considers that by purchasing and delivering equipment, inputs or other items there is a greater chance that the loan will not be diverted for non-productive purposes. This method also enables Reef Finance to obtain discounts with suppliers, which it passes on to borrowers.

How much interest does Reef Finance charge?

Reef Finance charges a mark-up on its loans, called murabaha, in Arabic. This varies depending on the amount and length of the loan, but is in the range of 6-12% per year. The charges that Reef Finance levies make its loans among the cheapest of any microfinance institution in the Occupied Palestinian Territories.

Does Reef Finance provide any training?

Reef Finance does not provide any training to borrowers.

Where can I find out more information about Reef Finance?

Further information about Reef Finance is available from the organisation's website at and it also posts its profile on Mix Market at


Reef Finance: Basic facts and figures

Full name:


Reef Finance




Average loan size:



Number of active borrowers:



Proportion of loans given to women:



Total loan portfolio:



PAR at 30 days:



This information was updated in June 2018

Occupied Palestinian Territories of West Bank & Gaza: Basic facts and figures



4.3 million

Life expectancy at birth:


73 years

Adult literacy rate:



Access to improved water source:



Under 5 Infant mortality rate:


21 per 1,000 live births

Maternal mortality rate:


45 per 100,000 live births

GNI per capita:






Source: World Bank Data

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