Reinforcing Med Microfinance Network System for Start-ups

Lebanon National Mesures – Linked

Name of responsible organization: EU-MADAD
Starting year2020End year2023
Short description  
Overall objective To contribute to sustainable economic development in Lebanon Specific objective 1 (SO1) Employment opportunities for vulnerable job seekers and their households are improved Specific objective 2 (SO2) To strengthen the capacities of selected local economic actors to provide income generation opportunities and access to finance

What kind of activity does this measure finance?

Creation of new businessesYes
Strengthening of existing businessesYes
Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods)No
Training activitiesYes
Other (specify)Cash for work and grants

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): 18 months If Yes, requirement for collateral: personal guarantor
Non-repayable grant (indicate the percentage of non-repayable fund)Yes
If Yes, percentage of non-repayable fund: USD 500 to USD 1,000 (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 amountUSD 1,000,000
% facilitation for each recipient
Minimum amount that can be financedUSD 500
Maximum amount that can be financedUSD 800
Origin of financial resources (European, State, Regional authority, Municipal authority, other)European Union – MADAD Fund

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)

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

Financial support + accompaniment/trainingYes – Financial literacy trainings and entrepreneurship trainings
Only Financial support

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

YESThe project has good impact for MSMEs

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

Number of initiatives 300Total economic amount USD 210,000
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