| Microloans: Personal Loans | |||
| Name of responsible organization: AEP | |||
| Website: www.aep.org.lb | |||
| NATIONAL OR LOCAL | LOCAL | ||
| Starting year | 2021 | End year | |
| Short description The Personal loans product was created as a result of the multifaceted crisis that the country is passing through and the high increase in the demand for personal loans among the entrepreneurs. |
What kind of activity does this measure finance?
| Creation of new businesses | No |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e., innovation, research, environmental transition, hiring, internationalization, purchase of goods) | Personal loan not conditioned but the purpose should be mentioned in the loan application along with a supporting document (Pay rental fees, schooling, buy new car etc.) |
| 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 2 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 | There is no closing date, this product is open for all small entrepreneurs requiring a personal loan |
| 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 | 15.000.000 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 | |
| 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 28 | Total economic amount 248.160.000 LBP |
