| Financing small or medium projects in the rural areas exclusively. | |||
| Name of responsible organization: Lebanese Development Cooperative | |||
| Website: coopcld.org | |||
| NATIONAL OR LOCAL | N/L | ||
| Starting year | 1992 | End year | Still on |
| Short description LDC aims to help the original inhabitants victim of the civil war to stay in their villages and not to migrate to cities by providing them with necessary funds to start up or sustain their business. |
What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | – Agriculture – Livestock – Dairy products – Carpentry – Small Industry – Bees Keeping – Cottage – Fisheries and any work that could be made from home among others. |
| Training activities | No |
| Other (specify) | / |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | Yes If Yes, repayment time (years): from one to six years If Yes, requirement for collateral: mortgage |
| Non-repayable grant (indicate the percentage of non-repayable fund) | No If Yes, percentage of non-repayable fund: |
| Tax credit | No |
| Other (specify) | / |
How does the activation of the measure work?
| One-stop means | x |
| Call with closing date |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | |
| % facilitation for each recipient | |
| Minimum amount that can be financed | 1,000.-USD |
| Maximum amount that can be financed | 20,000.-USD |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | All funds originate from personal contribution of the members of the Boards and the General Assembly Members. |
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 | 16% | 54% | / | / | 18 to 35 | |
| Company | / | / | / | / | / | / |
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 | yes |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives We have stopped granting loans since the end of 2019 following the complex economic crises aggravated by several unfavorable factors. Therefore we provide you with the figures for the last 3 operational years 2017-2018 and 2019. For info: Initiative 336 Total amount: USD 5,449,969.- | Total economic amount |
