The B5 Additional Financing (AF) builds on the success of the Parent B5 Project. The additional US$ 3 Million fund financed by the Lebanon Financing Facility’s (LFF) is designed to provide liquidity to Microfinance Institutions (MFIs) and support their path to sustainability. This will enable them to extend new loans to MSMEs all over the Lebanese Territories, ensuring low-income households and entrepreneurs continue to access much needed business loans.
to provide on-lending grants to Microfinance Institutions
The primary objective of the Additional Financing program is to ensure the sustainability and continuity of Lebanon’s microfinance sector, thereby fostering financial inclusion. By offering grants to MFIs for on-lending purposes, this additional fund helps:
Provide loans to micro and small businesses.
Stabilize MFI operations.
Enhance financial services for low-income entrepreneurs, while focusing on women and youth.
US$2.65 Million provision of grants to MFIs to help them offer loan products accessible to MSMEs.
US$50K provision of grant to provide Technical Assistance to a microfinance NGO to help strengthen its strategy, controls, and business plan.
To apply for a loan from one of the 3 selected MFIs:
Ensure your business meets the eligibility criteria and prepare necessary documentation.
Upon approval, make sure to sign your loan agreement.
Once loan agreement is signed, cash your loan to finance your business needs.
Ensure receipts of purchased items are presented to MFI and reflected in Annex 4.
This initiative not only boosts economic activity but also enhances financial inclusion for women, youth, and underserved communities. Together, we are rebuilding opportunities for sustainable growth and stability in Lebanon.
For more details or to get started contact one of the three MFIs above. For all other inquiries, please reach out to Kafalat