Lebanon Investment in Microfinance (LIM)

As the primary implementer of the program, VEGA member the International Executive Service Corps (IESC) works to provide grants and technical assistance to Lebanese microfinance organizations that then distribute loans to small businesses in rural communities across all regions of Lebanon.
  • Program Snapshot

  • Country: Lebanon
  • Award Value: $15,182,636
  • VEGA Lead Member: International Executive Service Corps (IESC)
  • Other VEGA Members: Financial Services Volunteer Corps (FSVC)
  • Objective: To help Lebanese micro and small enterprises increase sales, create jobs, and advance economic growth through improved access to finance.
  • Timeline: May 2009 – May 2015
  • Volunteers: 3
  • Local Partners:
    • ADR – Association for the Development of Rural Capacities
    • AEP – Association d’Entraide Professionnelle
    • AlMajmoua – The Lebanese Association for Development
    • Vitas (previously known as Ameen)* – Financing a Better World
    • CLD – Coopérative Libanaise Pour le Développement
    • EDF – Entrepreneurial Development Foundation
    • Emkan
    • Makhzoumi Foundation
    • Ibdaa
  • Theme: Financial Services, Value Chains
Lebanon: Rabih's Fishing Business

This is the story of Rabih, who struggles to make a living as a fisherman before buying a new boat and building his business. And the microfinance institution Al Majmoua, which is extending loans to rural entrepreneurs in Lebanon for the first time.

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A Lebanese fisherman who received a loan through the LIM program.

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A Lebanese cattle farmer who received a loan through the LIM program.

Lebanon: Samir's Cattle Business

This is the story of Samir, who almost gives up cattle farming before finally building a thriving business. And the microfinance institution Emkan, which is extending loans to fishermen and farmers in Lebanon for the first time.

Mayada-Baydas_Ali-Hussein_3

The Director of Emkan (right) meets with a colleague.

Lebanon: Hala's Flower Shop

This is the story of Hala, who had a passion for flower arranging and used to dream of starting her own business. And the microfinance institution Vitas, which is extending loans to women entrepreneurs in Lebanon for the first time.

The Lebanon Investment in Microfinance program implemented by the International Executive Service Corps (IESC) is administering grants to microfinance organizations operating in rural communities around Lebanon. These organizations then disburse loans to micro-enterprises in the tourism, ICT, and agribusiness sectors. Through increased access to finance and business development services, LIM helps microenterprises increase their incomes and create new jobs. USAID expanded the program in 2013 in order to help serve regions that have been impacted by the Syrian refugee crisis.

Since inception, the $9,540,501 in grants has achieved a total disbursement of $30,635,657 LIM & $5,205,087 Feed the Future (FTF) funds over 13,238 LIM & 1,687 FTF loans. In Quarter 2 of fiscal year 2015, the final quarter of implementation, the nine partners achieved a total disbursement of $3,313,239 ($2,304,543 LIM +$1,008,696 FTF) over 1,106 (778 LIM +328 FTF) loans.