Reinforcing Med Microfinance Network System for Start-ups

Lebanon National Mesures – B5 Fund

B5 Fund
Name of responsible organization: 3RF – Worldbank
Starting year2021End year2024
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 businessesNo
Strengthening of existing businessesYes
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 activitiesNo
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 creditNo
Other (specify)No

How does the activation of the measure work?

One-stop means 
Call with closing dateX

Financial entity of the measure (indicate the resources allocated)

Overall amount18.5 million $ for Kafalat and the 4 MFI’s
% facilitation for each recipient
Minimum amount that can be financedUSD 100
Maximum amount that can be financedUSD 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)

FemaleOver 50Unemployed (specify any type)Disadvantaged groups (specify type)Youth (specify age range)Other (specify)
Individual/MSME’sYesYesNoNoYes +18
Company /SAL-SARLNoNoNoNoNo

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

Financial support + accompaniment/training
Only Financial supportYes

Is the measure considered a good practice and as such replicable in other national and / or international contexts?

YESIt’s a good practice that supports the MSME eco-system
NOIt 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 437Total economic amount USD 1,170,897
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