- Grameen Foundation - www.grameenfoundation.org -
- Read Yuli's story -- Return to the Grameen Foundation homepage -- Photo of microfinance clients -
- Who we are -- What we do -- Where we work -- Get involved -- Resource center -

Grameen Foundation : Where we work : Middle East / North Africa : Lebanon

Lebanon

 The Need in Lebanon

  • Unemployment rate: 20%
  • 20% Population below poverty line: 28%

The United Nations estimates that a third of Lebanon's people cannot provide for their basic needs due to a lack of access to productive resources, thus, preventing the poor from starting up small or medium income businesses.

The spread of poverty in Lebanon varies considerably between regions and sectors. The majority of the poor live in the suburbs of the capital and other cities, while a majority of the destitute poor, who make up one fourth of the population, live in the rural areas. Moreover, it is believed that abject poverty is concentrated in the remote regions of Baalbeck and Hermel in Bekaa, Akkar in North Lebanon and Southern Lebanon.

The poor find it extremely difficult to gain access to banking or financial facilities, because credit policies are not favorable to small and medium establishments Access to credit is very important for the poor in Lebanon to lift themselves out of poverty, so non-governmental organizations, like Al Majmoua, have a very important role to play.

Our partner microfinance institution in Yemen: Al-Majmoua



Grameen Foundation : Where we work : Middle East / North Africa : Lebanon

- Grameen Foundation - Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.

50 F Street NW, 8th Floor / Washington, DC 20001 USA
+1-202-628-3560     www.grameenfoundation.org

   - Grameen Foundation homepage -