“Lebanon Establishes First Microfinance Association” – IESC – March 17, 2015

On March 17, 2015 International Executive Service Corps (IESC) reported that on January 12, 2015 “Lebanon’s Ministry of Interior and Municipalities officially approved the creation of the nation’s first microfinance association.

The new association is made up of eight microfinance institutions that will work to strengthen the microfinance sector and increase access to finance for micro and small business owners throughout Lebanon.

The petition to establish the association was sponsored by the Lebanon Investment in Microfinance Program (LIM), an economic development program funded by the United States Agency for International Development.”

You may read the announcement on the IESC internet site.