EU-funded ReSt@rts in Lebanon helps start-ups and SMEs grow their business

August 11, 2022
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ENI CBC Med Programme

The Chamber of Commerce, Industry and Agriculture in Sidon and South Lebanon scheduled a series of meeting with the Lebanese Microfinance Association (LMFA) and other members of the Microfinance network, initiated within the framework of MEDSt@rts to update the database of all working Microfinance institutions to determine operational programmes, the specific type of financing instruments and number/type of final beneficiaries.

The study is part of the ReSt@rts project, which is an ENI CBC Med-funded capitalisation intervention that builds on an earlier MEDSt@rts project and is aimed to facilitate access to finance for young, non-bankable entrepreneurs with promising innovative business ideas in the Mediterranean.

To fulfil this initiative, each partner identifies challenges, solutions and recommendations to cope with the impact of the socio-economic and financial crisis caused by the Covid-19 global pandemic and other emerging factors that induced economic downturn and delivered a negative effect on MFI financial performance.

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Press release

ReSt@rt project

Countries covered:

  • Lebanon