Guarantees for Loans to Small and Medium Enterprises

List of Required Documents

Thu, 11/11/2021 - 12:18 -- admin

Applications should enclose all the below listed documents. Any delay in providing the required documents will result in delays in the review and selection process.

Informal (Unregistered) MSEs 
(INCLUDING SELF-EMPLOYED AND HOME-BASED ENTREPRENEURS)

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When to Apply - Priority Zones

Thu, 11/11/2021 - 12:17 -- admin

When to Apply

The project will adopt a zoning approach for prioritization, following the zones defined by the Lebanese Armed Forces, and combining the most damaged zones with the most socio-economically vulnerable. Grant applications will be assessed on a first-come first-served basis and based on proximity to the blast area.

Kafalat will progressively announce, through the proper channels (including website and through participating MFIs), the time to move to the next zone.

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Where to Apply

Thu, 11/11/2021 - 12:17 -- admin

Applications to the B5 Fund MSE Grants can be submitted through two channels: 1) MFIs, under the wholesale approach, or 2) Kafalat, under the retail approach.

THROUGH MFIS:

THROUGH KAFALAT:

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Eligible Expenses

Thu, 11/11/2021 - 12:15 -- admin

Eligible Expenses

Grant proceeds to eligible MSEs can cover the below expenses:

  • Working capital, including salaries, inventories covering six (6) months operations;
  • Technical services;
  • Equipment, machineries and vehicles if critical to the business;
  • Repairs including light civil works.

Construction costs with adverse or negative impacts on cultural heritage and works that require the prior approval of a public authority will be excluded.

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Eligible MSEs

Thu, 11/11/2021 - 12:11 -- admin

Eligible MSEs

Approximately, 4,300 Lebanese MSEs, including self-employed, will benefit from the business recovery grants, out of which 30% are women-owned or -led. In addition, the B5 will aim to identify and support entrepreneurs and businesses who suffer, directly or indirectly, from a disability as a result of the blast. All sectors will benefit from grant support, including but not limited to Industry, food manufacturing, services, handicraft, IT hardware and software firms, professions, etc….

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