FMO agrees facility to Palestine microfinance company Vistas

Dutch development bank FMO has agreed a $5 million finance facility with Vistas, a microfinance company which operates in the Palestinian Territories.

Vitas aims to support unbanked people by providing them with the financial resources needed to support their economic activity and improve their level of income. The majority of their loans consist of an amount between $1,000 and $5,000, mostly to owners of market stalls.