Reduced the direct economic downturn impact on vulnerable communities in Lebanon
Supported vulnerable persons who lost their livelihoods through supporting targeted MSMEs/cooperative that respects COVID 19 response protective guidelines to increase their productivity and capacity for local produce in
sectors needing during this crisis.
Collaboration with Libanpost
Collect or pay Al Majmoua’s loan at all LibanPost offices
Availability of "Home Collection"
Introduced a loan in "Lebanese Pounds"
Food Assistance with Fair Trade Lebanon:
The distribution of food parcels to 40 households.
Fostered Resilience by Strengthening Abilities (FORSA II):
Selected of 500 youths to benefit from trainings on financial education
Selected of 400 youth to benefit from trainings on business management
Selected of 100 youth to benefit from grants and one to one coaching sessions
LINKED: Linking Vulnerable Populations and Inclusive Market Networks to Advance Sustainable Economic Development in Lebanon:
Improved employment opportunities for vulnerable job seekers and their households through improved capacities to identify and pursue decent livelihoods pathways
Strengthened the capacities of selected local economic actors to provide decent income generation opportunities
Supported MSMEs in Affected Areas:
Sustained their business activity /and the livelihoods of their household
Timeline of activities 2019
Smart Certification:
With the support of IFC, Al Majmoua earned the SMART CERTIFICATION by adopting its policies and procedures for protecting borrowers showing once again its commitment towards providing a
distinguished service to borrowers and treating them with fairness and respect
Official Exchange Rate:
Being faithful to its social responsibility and putting its clients' best interests first, Al Majmoua has decided and during the current circumstances, to grant its clients the possibility to settle their
dues in LBP at the official exchange rate of 1,515
Global Money Week:
Provision of financial education trainings for youth
Injaz:
Financial education for university students
Tatawor:
Linked entrepreneurs at the bottom of the economic pyramid with business training, in-kind grants and financial services. This blended approach will improve the livelihoods of the vulnerable Lebanese
populations targeted.
Identification of value chains and outreach to entrepreneurs
Individual Business Diagnosis for 120 MSMEs
In-kind grants for 120 MSMEs
Business Development Services to MSMEs
Loan Capital to 120 MSMEs (Between 200,000 $ and 250,000 $)
Market Based Opportunities and Skills Training for Women and Youths (MOST) - 3amaly:
Design thinking and business management training, individual business coaching and access to finance workshop.
Building Alternative Development Assets and Entrepreneurial Learning (BADAEL sub-grants management):
Enhanced the business capabilities of 40-50 social enterprises.
Provided the social enterprises with seed funding.
Sensitized the social enterprises about other financial products, such as savings, insurance and loans and enable them to have access to finance.
Youth Empowerment for Social Impact (YESI):
Enabled youth to develop and upscale innovative business initiatives through enhanced capacities, increased access to finance and active participation into multi-stakeholder dialogues on inclusive growth and
sustainable development
Timeline of activities 2018
Crossed the 83,000 active clients mark
Opened one branche in Douris
Restructured the VSE loan
New Signed Partnerships:
International Finance Corporation
COOPMED SA
FMO
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.
Symbiotics S.A.
SANAD
SIDI
solidarité internationale pour le développement et l'investissement
Rockefeller
Right to Play
Cherie Blair
USAID
Palladium Group (Lebanon) S.a.r.l.
Expertise France
International Labor Organization
ILO
UNICEF
International Rescue Committee IRC
Terre Des Hommes TDH
Non-Financial Services Activities:
Legal counseling for 41 beneficiaries
Job placement for 223 youth beneficiaries (refugees and host community) in the Bekaa.
3 boot camps were organized in the Bekaa area (Baalbek and Arsal) for youth aged between 16 and 24. The topics discussed were: Drugs and personal protection, accepting others/Social integration, violence
within the family and how to be protected.
Closing ceremony and networking event for Right To Play beneficiaries in Mount Lebanon.
Timeline of activities 2017
Crossed the 70,000 active clients mark
Opened a new branch in Koura
Launched the Alternative Energy Loan
New Signed Partnerships:
UNICEF
Cherie Blair 2 – WEE
UNIDO
UNFPA
UNDP
UN WOMEN
ACTED
Danish Refugee Council
Right to Play
IRC
OXFAM
AVSI
Dar Al Amal Association
Safadi Foundation
COSV
Fair Trade Lebanon
Signing New Loan Agreements With:
Whole Planet
PIF
Microbuild
Triodos
IFC
Non-Financial Services Activities:
Legal counseling for 60 beneficiaries and trade name registration for two businesses
Apprenticeship of 153 beneficiaries at the businesses of SMEs borrowers
Networking opportunities for MENA women entrepreneurs in Barcelona-Spain
Global Money week for 65 youth on financial education
Provision of equipment for 79 women beneficiaries
Testimonial of three women beneficiaries in "Enhancement of the Business Environment in the Southern Mediterranean" workshop
Supplied 19 cooperatives with necessary productive inclusion for the development of a mobile app that targets the unbanked in Lebanon
Developed Al Majmoua’s brand book that explains the brand’s identity and standards
Participated in the CITI Microentrepreneurship Awards where four of Al Majmoua clients won valuable prizes
Timeline of activities 2016
Crossed the 60,000 active clients mark
Opened two branches in Halba and Jadra
Established Three New Departments:
Product Development
Marketing and Customer Service
Risk Management
Launched New Products:
Group Loan for Palestinians
IndividuaL Loan for Women Without a Guarantor (WWG)
New Signed Partnerships & Agreements:
Safadi Foundation
UNDP
UNIFIL
UNFPA
Dar Al Amal Association
The Blessing Foundation
UN Women
Signing New Loan Agreements With:
Planis Responsability
Triple Jump
CoopMed
Whole Planet
Habitat Microbuild
Palestine Investment Fund
Brand Uplifting
Organized a Series of Events:
Conference about the status of women entrepreneurship in Lebanon and the challenges of legal business registration
Open day about access to finance for micro-entrepreneurs at the Chamber of Commerce in Bekaa
Regional exchange of experience for women entrepreneurs in Egypt
Networking events for female micro-entrepreneurs targeting male engagement
Provided legal counseling to female micro entrepreneurs and supporting trade name registration at the Ministry of Economy
Participated in the CITI Group Awards where four of Al Majmoua clients won valuable prizes
