Business Loan Program
The Business Loan Program has been developed to provide the trainees and other applicants with medium-range loans, in order to start their own businesses or to develop their existing ones.
1. EDF Loan Fund
Loan Currency
US Dollar $
Loan Amount
2,000$ – 10,000$
Period
Maximum 3 Years
Interest Rate
13% per annum
Guarantee
2 Guarantors, 1 Civil Servant & 1 Private Sector
- 1Initial application to EDF local Field Officer
- 2Revision of the Business Proposal with the EDF Area Supervisor
- 3Approval of the EDF Credit Committee
2. EDF Loan Fund with Commercial Banks
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
- 1 Copy of ID or Extract of Civil Status.
- 2 Proof of address from local Moukhtar.
- 3Proof of income.
Lebanese national
Age between 21 & 60
Sound business proposal
Good business reputation
- 1Initial application to EDF local Field Officer
- 2Revision of the Business Proposal with the EDF Area Supervisor
- 3Approval of the EDF Credit Committee
- 4Final approval of the Bank
- 5Signing of contract at any branch of the Bank
- 1File Opening: L.L. 75,000
- 2Stamps Duty: Ratio at 1.5 per 1,000
- 3Life Insurance Premium: Depending on loan amount & age of applicant.
Business Training Program
Developed in order to provide the trainees with adequate knowledge of how to plan and run their businesses successfully and efficiently, EDF offers a variety of training sessions, such as:
- Introduction to Small Business & Basic Book-Keeping
- Marketing & Sales Technique
- Business Plan & Financing
- Risk Management
- Entrepreneurship
- Advertising and Digital Communication
- Food Safety, etc.