Economic and Social Fund for Development (ESFD)
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Website
http://www.esfd.cdr.gov.lb/ -
Address
Beirut Souks
Block M - Third Floor
Weygand Street
Beirut, Lebanon -
Phone
+961 1 986 201/2/3/4 -
Email
dlahoud@esfd.cdr.gov.lb
Economic and Social Fund for Development (ESFD)
The Economic and Social Fund for Development (ESFD) is a governmental body dedicated to alleviate poverty in Lebanon through the creation of employment opportunities and through the improvement of living conditions in disadvantaged communities.
The ESFD strives to eliminate poverty, provide access to affordable and adequate social services, reduce unemployment, and advocate for a balanced, pro-poor, and equitable economic growth in Lebanon. To that end, the ESFD aims to eventually become an independent public institution with a leading role in social development in Lebanon, within a framework of coordinated efforts by the public sector, the business sector and civil society.
ESFD at a glance
| Benefits provided for startups | Financing and loans |
| Eligibility criteria | Viable business plan and solid cash flow Loan can be used against working capital and/or fixed assets (no commodities, securities, speculation, personal use, private / passenger cars) The ESFD targets both start-up and existing enterprises. Registration at the commercial registry is not mandatory. |
| Min. Amount | $0 |
| Max. Amount | $50000 |
| Interest Rate Per Year | 10% – 14% |
| Rules & Conditions | Minimum: 6 months Maximum: 60 months incl. grace period, if any Grace period: maximum of 12 months |