| Support to MSMEs | |||
| Name of responsible organization: UNDP and financing from KFW | |||
| Website: | |||
| NATIONAL OR LOCAL | Bekaa | ||
| Starting year | 2022 | End year | 2022 |
| Short description The purpose of this project is to support the stabilization and development of businesses in key sectors in Lebanon affected by the crisis and the pandemic to foster job retention, help reduce unemployment and socio-economic vulnerabilities and promote economic growth in the longer term. This Call for Proposal covers the Bekaa and Baalbeck El Hermel governorate and 4 keys sectors chosen due to their (1) potential for employment especially women and youth in both urban and rural areas, (2) import substitution potential (3) vulnerability in light of the expected removal of subsidies and (4) prospect for innovation and growth: – Agriculture/Fishery; – Agro-food; – Light manufacturing (including hygiene products, sewing and crafts and other light production); – Rural tourism. The intervention will target 87 Micro, Small and medium enterprises and start-ups including cooperative/associations, farmers, and fishermen and cover all Lebanon. |
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) | Yes |
| Training activities | Yes |
| Other (specify) | Yes/No |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | 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% |
| 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 665,000 |
| % facilitation for each recipient | |
| Minimum amount that can be financed | USD 2,000 |
| Maximum amount that can be financed | USD 15,000 |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | KFW |
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 |
| Only Financial support |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | Good practice to support MSMEs |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives 87 MSMEs for now | Total economic amount USD 174,000 |
