| Microloans: Business Loans | |||
| Name of responsible organization: AEP | |||
| Website: www.aep.org.lb | |||
| NATIONAL OR LOCAL | LOCAL | ||
| Starting year | 1984 | End year | |
| Short description The AEP program had been created to assure secularism and democracy, which are the only guarantees of harmony between private and public sector. Providng microloans is the core activity of AEP since its foundation and till date. AEP is active all over the country with nine branches operating in different gorvernorates. |
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) | Business development, hiring, purchase of raw material or goods, rehabilitation of the field for agribusiness, investment in the business, purchase of improved equipment. |
| Training activities | No |
| Other (specify) | n/a |
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): up to 3 years If Yes, requirement for collateral: salary or property |
| Non-repayable grant (indicate the percentage of non-repayable fund) | No If Yes, percentage of non-repayable fund: |
| Tax credit | No |
| Other (specify) | No |
How does the activation of the measure work?
| One-stop means | Providing microloans is the main activity of the organization with no closing date |
| 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 | N/A |
| Maximum amount that can be financed | 20.000.000 LBP |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | AEP own 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 | √ | √ | Beneficiaries are small entrepreneurs holding a small business | Any person with a physical disability is eligible | 18 – 30 | |
| Company | X | X | X | X | X | X |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | Yes |
| Only Financial support |
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 809 | Total economic amount 1.919.068 USD & 1.867.000.000 LBP |
