Economic and Social Fund for Development (ESFD)

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