Reinforcing Med Microfinance Network System for Start-ups

Lebanon National Mesures – Mohamad Saleh President

Mohamad Saleh / President
Name of responsible organization: South BIC
Website: N/A
Starting year2008End yearTill date
Short description  
1- Incubation service:  after its launching and until date, the South BIC provides growing and tailored entrepreneurship throughout the South. The focus is to promote the entrepreneurship spirit among the youths in the region. Accordingly, intensive awareness raising sessions of entrepreneurship as a concept and of South BIC as a facilitator in the South are planned. As a result of the sessions more than 1000 youth were targeted in cooperation with Universities, youth clubs, NGOs, etc. South BIC also conducts around  training events on entrepreneurship and business planning, for an average of 3 days per training. South BIC also enhances competitiveness of existing MSMES in the region through business advice and mentoring activities for companies. The incubation facility  is opened for start ups and  existing SME’s that can afford the rent.  
2- Grant: implementing programme  for supporting the establishgment of new busuiness entities or the development of existng SME. Grants are awarded for potential grantees according to launched call for proposals or organized competition events.   

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)Yes/innovation,hiring 
Training activitiesYes/No
Other (specify)Yes/No

What type of financing is it?

Low-interest loan (indicate the repayment time and, if present, the requirement for collateral)Yes/No
If Yes, repayment time (years): If Yes, requirement for collateral: 
Non-repayable grant (indicate the percentage of non-repayable fund)Yes
If Yes, percentage of non-repayable fund: 100% of eligible expenditures
Tax creditYes/No
Other (specify)Yes/No

How does the activation of the measure work?

One-stop means 
Call with closing date

Financial entity of the measure (indicate the resources allocated)

Overall amount10000K EUR
% facilitation for each recipient70% prefinancing 
Minimum amount that can be financed10000
Maximum amount that can be financed10000
Origin of financial resources (European, State, Regional authority, Municipal authority, other)EU

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)
IndividualLiterateAll type24- 35 

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

Financial support + accompaniment/training
Only Financial support

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


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

Number of initiatives:  Total economic amount: 
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