ASALA found after 2014 aggression on Gaza that its client’s projects claimed losses due to total project damage in sum of $ 1,562,900 USD, and projects which were partially damaged, clients claimed a loss of $815,970 USD. As for the claims for homes totally damaged as a result of bombings and the Israeli attack the sum is $8,445,500 USD. For partial damage of homes clients claimed $1,835,880 USD. 4 - Description of the DAMAN Activities DAMAN for SME’s seeks to provide insurance coverage for highly vulnerable borrowers of ACAD and ASALA. Coverage will be only in the form of paying the loan outstanding balance to ACAD and ASALA on behalf of the borrower. The following is the claim eligibility criteria: Borrowers who are impacted due to restrictions on exports to Israel or abroad Borrower and /or first degree relative has been killed by Israeli army. Project initiated by the entrepreneur destroyed totally or partially by Israeli occupation Entrepreneurs jailed for political reasons (more than 2 months) Long term curfew (occurring after loan extension) affecting production process for a long period or affected the sale of the product(s) Confiscation of land related to the project 5 - Funding DAMAN will develop a promotion strategy to raise funds as non-profit company to support the Palestinian development from different donors and agencies and civil societies in different countries. All partners are eager to make sure that DAMAN avails of the necessary capital so as to possibly compensate the victimized clients of ACAD and ASALA. SIDI is presently availing of a guarantee capacity of 100’000 (One hundred thousand Euros) in as guarantee collaterals, to make DAMAN a reality.
ASALA found after 2014 aggression on Gaza that its client’s projects claimed losses due to total project damage in sum of $ 1,562,900 USD, and projects which were partially damaged, clients claimed a loss of $815,970 USD. As for the claims for homes totally damaged as a result of bombings and the Israeli attack the sum is $8,445,500 USD. For partial damage of homes clients claimed $1,835,880 USD. 4 - Description of the DAMAN Activities DAMAN for SME’s seeks to provide insurance coverage for highly vulnerable borrowers of ACAD and ASALA. Coverage will be only in the form of paying the loan outstanding balance to ACAD and ASALA on behalf of the borrower. The following is the claim eligibility criteria: Borrowers who are impacted due to restrictions on exports to Israel or abroad Borrower and /or first degree relative has been killed by Israeli army. Project initiated by the entrepreneur destroyed totally or partially by Israeli occupation Entrepreneurs jailed for political reasons (more than 2 months) Long term curfew (occurring after loan extension) affecting production process for a long period or affected the sale of the product(s) Confiscation of land related to the project 5 - Funding DAMAN will develop a promotion strategy to raise funds as non-profit company to support the Palestinian development from different donors and agencies and civil societies in different countries. All partners are eager to make sure that DAMAN avails of the necessary capital so as to possibly compensate the victimized clients of ACAD and ASALA. SIDI is presently availing of a guarantee capacity of 100’000 (One hundred thousand Euros) in as guarantee collaterals, to make DAMAN a reality.