The Lebanese Association for Development – Al Majmoua is a Lebanese independent, non-confessional, non-profit microfinance institution (MFI) that focuses since 1998 on supporting low-income and vulnerable individuals, particularly micro entrepreneurs and women, with affordable financial and non-financial services to fund their activities and build sustainable businesses.
Al Majmoua views development in a holistic approach. Micro-credit alone may not be sufficient to sustain a small business. Non- financial services, particularly Business Development Services, play a complementary role in improving the quality of life of the most vulnerable, especially women entrepreneurs. Al Majmoua provides business management and financial education trainings, vocational trainings, individual diagnosis, marketing support, networking, exchange of experience, and awareness sessions including women’s economic rights, self-confidence, communication skills, and household budget management. These free-of-charge non-financial services are offered to both borrowers and non-borrowers after a thorough individual needs appraisal based on a voluntary approach and the identification of either opportunity for development or business weaknesses.
Al Majmoua at a glance
|Benefits provided for startups||
|Eligibility criteria||No specifics|
|Max. Amount||$5 000|
|Interest Rate Per Year||15%|
|Rules & Conditions||Up to 24 months loan|
|Other Comments||Provides mentorship and training for startups|