| Microloans: Subsidized loans for farmers | |||
| Name of responsible organization: AEP | |||
| Website: www.aep.org.lb | |||
| NATIONAL OR LOCAL | LOCAL | ||
| Starting year | May 2022 | End year | September 2022 |
| Short description This product consisted of offering interest-free microloans to farmers from different Lebanese areas, to rehabilitate their field for agribusiness, install a drip irrigation system, buy fertilizers and pesticides, expand agricultural lands with new greenhouses etc. |
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) | All kind of investment in agribusiness |
| 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 | |
| Call with closing date | Yes |
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 | |
| 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 35 | Total economic amount 450.000.000 LBP |
