Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.
Lao Tzu - Chinese Philosopher
Microfinance Lebanon was launched on June 28, 2021, as an initiative from SCDN, to enable and support INDIVIDUAL ENTREPRENEURS and SMEs resume Business Operations in the area directly affected by the August 4th, 2020, Beirut port massive explosion. The goal is to maintain and create jobs by financially energizing local economies and promoting financial security.
WHY ONLY THE PORT AREA:
The current economic situation in Lebanon being at its worst in its recent history, aggravated by the Beirut Port blast and the COVID-19 Pandemic is urging SCDN to focus primarily and for the coming 12 months, on the area within a 3 km radius from the port surroundings that has suffered the biggest damages.WHO WILL ISSUE THE LOAN:
The extension of micro loans will be through BLOM Bank since SCDN as any other NGO is legally authorized to microfinance projects only if in collaboration with a bank. BLOM with its extensive microcredit experience and national coverage will thus facilitate “MFL” implementation logistics.
Act now with certainty to create a sustainable impact
For any questions, comments or suggestions contact us at info@scdn-lb.org