Al Majmoua
IFC partnered with Al Majmoua, Lebanon's largest microfinance institution, on a collaborative investment and advisory project as part of an effort to stimulate entrepreneurship and drive economic development in the country. The advisory project, which was completed in 2020, focused on the design and pilot of new products to better serve the Lebanese population including host communities and Syrian refugees, and informed the ongoing investments. The funding aimed to assist Al Majmoua in expanding its loan portfolio and reaching small business owners, including female entrepreneurs and those facing economic challenges, particularly in regions like Bekaa, north Lebanon, and south Lebanon. At the time, Al Majmoua, with a market share of nearly 50%, had over 46,000 active clients, with 54% being women. The investment aligned with IFC's strategy to enhance financial services for underserved groups and regions, addressing the microfinance gap in Lebanon.
- Al Majmoua
- IFC
Lebanon