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United Arab Emirates EU’s SANAD Fund advances financial inclusion in Lebanon
February 27, 2019
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The SANAD Fund for Micro, Small and Medium Entreprises (SANAD Fund for MSME) has announced a senior loan of USD 5 million to Al Majmoua for on-lending to micro and very small enterprises in Lebanon. A portion of the facility is also designated for housing loans for low-income individuals.
Al Majmoua is the leading microfinance institution in Lebanon, currently serving over 79,000 borrowers. The institution has a strong social mission, dedicated to offering financial products and business development services tailored for women, youth, and marginalized groups such as Palestinian and Syrian refugees.
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Countries covered:
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Lebanon
