Credit Access for War-Recovering Lebanese

 
$160
$28,840
Raised
Remaining

Summary

Establish 4 revolving credit funds run by community-based Lebanese organizations, providing loans for small enterprises, often household-based, to help poor families in war recovery & self help.

What is the issue, problem, or challenge?

Torn apart by last summer's war & w/ unemployment over 40%, credit is needed for projects too small & insecure to attract usual financial institutions. Unmet capital needs of poor create lost opportunities, marginalized economic participation, and poverty. With credit, poor families can harness existing skills & resources to meet their immediate needs & create future prospects.

How will this project solve this problem?

Provide seed funds; coaching & technical assistance on fundamentals like credit policies & procedures, client/business selection, bookkeeping, financial management; establish grassroots, sustainable microfinance institutions.

Potential Long Term Impact

Creation of many revolving credit funds run independently by local nongovernmental organizations serving the entire country. Strengthening their ability to help people enhance their incomes & participate in rebuilding their country.

Funding Information

Total Funding Received to Date: $160

Funding Information

This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.

Donors' contributions and pledges to this project totaled $160 .  The original project funding goal was $29,000.

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

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Funded

Thanks to 4 donors like you, a total of $160 was raised for this project on GlobalGiving. Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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Organization

Project Leader

Rabih Yazbeck

Regional Information Officer
Amman, Jordan

Where is this project located?

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