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Business Loan Program

Business Loan Program

The Business Loan Program has been developed to furnish the trainees and other applicants with medium range loans, in order to start their own businesses or to develop their existing ones.

 

EDF Loan Fund

Loan Currency US Dollar
Loan Amount 2,000$ - 10,000$
Period Maximum 3 Years
Interest Rate 20% per annum (declining)
Guarantee 2 Guarantors, 1 Civil Servant & 1 Private Sector
Procedure
  • Initial application to EDF local Field Officer
  • Revision of the Business Proposal with the EDF Area Supervisor
  • Approval of the EDF Credit Committee

 

EDF Loan Fund with Commercial Banks (Credit Libanais & First National Bank):

Loan Currency Lebanese Pound
Loan Amount L.L. 3,000,000 – L.L. 20,000,000
Period Maximum 5 years
Interest Rate 20% per annum (Declining)
Guarantee 2 Guarantors, 1 Civil Servant & 1 Private Sector
Required documents from Applicant and Guarantors
  • Copy of ID or Extract of Civil Status.
  • Proof of address from local Moukhtar.
  • Proof of income.
Eligibility Criteria
  • Lebanese national.
  • Age between 21 & 60.
  • Sound business proposal.
  • Good business reputation.
Procedure
  • Initial application to EDF local Field Officer.
  • Revision of the Business Proposal with the EDF Area Supervisor.
  • Approval of the EDF Credit Committee.
  • Final approval of the Bank.
  • Signing of contract at any branch of the Bank.
Bank Fees
  • File Opening: L.L. 75,000.
  • Stamps Duty: Ratio at 1.5 per 1,000
  • Life Insurance Premium: Depending on loan amount & age of applicant.