Reinforcing Med Microfinance Network System for Start-ups

Lebanon National Mesures – ACAD Forsa

ACAD Forsa
Name of responsible organization: ACAD 
Starting year2022End year2023 (Extendable)
A program to finance small and micro enterprises, targeting new and existing enterprises, youth and women, at preferential interest rates.

What kind of activity does this measure finance?

Creation of new businessesYes
Strengthening of existing businessesYes
Specific investments – specify the type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods),Entrepreneurial projects and financing of fixed assets and working capital
Training activitiesNo

What type of financing is it?

Low-interest loan (indicate the repayment time and, if present, the requirement for collateral)Yes, Can be up to 60 months the requirement for collateral: Bank guarantee, checks, bills of exchange, notary deed
Non-repayable grant (indicate the percentage of the non-repayable fund)No

How does the activation of the measure work?

One-stop-shop  (physical or virtual), where the potential beneficiary can go whenever he/she wants.Yes
Call with closing date

Financial entity of the measure (indicate the resources allocated)

Overall amount$ 1,900,000
% facilitation for each beneficiary Up to 100%
Minimum amount that can be financed$5,000
Maximum amount that can be financed$30,000
Origin of financial resources (European, State, Regional Authority, Municipal authority, other)State Authority

Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)

Female (MUST)Over 50UnemployedDisadvantaged groups Youth (18-36)Other (specify)
New Ideas50%60% Startup 30%
SME/ Existing Businesses

Does the project provide for accompaniment and training or only financial support?

Financial support + accompaniment/training
Only Financial supportYes

How many initiatives have been financed in the last 3 years and for what economic amount?

Number of initiatives 142 Beneficiaries Total economic amount $1,436,800
ReSt@rts Logo

If you do not already have a ReSt@rts Account follow the link to request one.