Credit Access for War-Recovering Lebanese

by Near East Foundation (NEF)
Vetted

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.
$160.00
total raised
4
donors
0
monthly donors
9
years active

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.

Solution

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

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.

Additional Documentation

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

Resources

http:/​/​www.nefdev.org
Community-Based Credit in Lebanon Revisited
NEF Builds On 10+ Years of Micro-Credit Experience
Community-Based Credit - Basic Approach
Credit Made Available to Lebanese NGOs

Organization Information

Near East Foundation (NEF)

Location: Syracuse, NY - USA
Website: http:/​/​www.neareast.org
Project Leader:
Rabih Yazbeck
Regional Information Officer
Amman, Jordan

Funded Project!

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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