| LINKED | |||
| Name of responsible organization: EU-MADAD | |||
| Website: | |||
| NATIONAL OR LOCAL | N/L | ||
| Starting year | 2020 | End year | 2023 |
| 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 businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | No |
| Training activities | Yes |
| 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 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 | USD 1,000,000 |
| % facilitation for each recipient | |
| Minimum amount that can be financed | USD 500 |
| Maximum amount that can be financed | USD 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)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | Yes – 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?
| YES | The 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 300 | Total economic amount USD 210,000 |
