Project detail - AL MAJMOUA


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

The Lebanese Association for Development - Al Majmoua is the no. 1 MFI in Lebanon which started its activities by providing group-loans to women in urban and rural areas. Over time, AM developed its product offering adding individual loans, which is now its core financial product. Additionally, AM provides free business development services and socially oriented activities, with a focus on gender and women empowerment. What is unique to AM is its genuine dedication to include all groups of society, being youth, women, refugees and handicapped (next to small SMEs).

What is our funding objective?

With FMO's financing, Al Majmoua can further increase access to finance to low-income micro-entrepreneurs, women, youth, disabled and refugees, across Lebanon.

Why do we fund this investment?

Youth unemployment is high at 34%, and women account for only 24% of the work force. These circumstances are exacerbated by the large influx of Syrian refugees. According to World Bank, the economy needs to create more than six times the number of jobs it has created (# of job created over the last years is ~3,400 per year), to only absorb the refugees. By serving these often vulnerable and unbanked groups, Al Majmoua gives them the opportunity to participate in the economy.

What is the Environmental and Social categorization rationale?

Al Majmoua is categorized as a E&S C-client. It only provides micro-loans (low risk) and is not active in high-risk sectors. Al Majmoua applies an exclusion list and ensures that each client complies with local law in terms of environment, health and safety.

More investments

Date Total FMO financing
5/24/2023 USD 1.00 MLN
11/24/2021 EUR 0.07 MLN
Financial Institutions
Effective date
Total FMO financing
USD 5.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)