| B5 Fund | |||
| Name of responsible organization: 3RF – Worldbank | |||
| Website: | |||
| NATIONAL OR LOCAL | Local | ||
| Starting year | 2021 | End year | 2024 |
| B5 or (bring Beirut businesses back and better) is a 3 years’ project funded by the World bank under the 3RF to help small and medium businesses affected by Beirut blast to sustain their work. Kafalat and 4 MFI’s including Al Majmoua are responsible for project implementation. Any small or medium business located in area of 2.5KM from the blast can benefit from a cash money USD grant to ensure continuity and improvement of work. |
What kind of activity does this measure finance?
| Creation of new businesses | No |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | Yes The grant could be used for purchasing goods, machines and equipment, environmental transition (green energy) rehabilitation or paying operational costs like rent or debts related to operational costs |
| Training activities | No |
| Other (specify) | No |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | No |
| Non-repayable grant (indicate the percentage of non-repayable fund) | Yes 100% |
| Tax credit | No |
| Other (specify) | No |
How does the activation of the measure work?
| One-stop means | |
| Call with closing date | X |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | 18.5 million $ for Kafalat and the 4 MFI’s |
| % facilitation for each recipient | |
| Minimum amount that can be financed | USD 100 |
| Maximum amount that can be financed | USD 10,000 |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | World bank |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual/MSME’s | Yes | Yes | No | No | Yes +18 | |
| Company /SAL-SARL | No | No | No | No | No |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | |
| Only Financial support | Yes |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | It’s a good practice that supports the MSME eco-system |
| NO | It is only designed for Beirut blast zone |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives 437 | Total economic amount USD 1,170,897 |
