The
Volunteers for Economic Growth Alliance (VEGA) Lebanon Investment in
Microfinance (LIM) Program, implemented by the International Executive
Service Corps (IESC), provided technical assistance to three Lebanese
microfinance institutes through the services of Mr. Hal Handley, an
IESC international agribusiness expert. With over 45 years of
experience, Mr. Handley provided tailored assistance to program
partners and leading micro-finance institutes (MFI) ADR, AlMajmoua, and
Ameen. The United States Agency for International Development (USAID)
funded the LIM program to increase access to finance in rural
communities in order to sustain and expand existing businesses,
increase sales revenues, encourage entrepreneurship, launch new
businesses, and create new jobs. The LIM program partnered with three
leading MFIs to provide loans to micro and small businesses operating
in rural and peri-urban communities across Lebanon. In its first
quarter, the LIM program loaned over $275,598 to 145 agribusinesses and
helped sustain and create over 264 full time and 90 seasonal jobs.
USAID recently highlighted
the Volunteers for Economic Growth Alliance (VEGA) and our lead
implementing member, International Executive Service Corp a a grant
recipient in the Lebanon Investment in Microfinance Program.
VEGA/LAGO developed a strategy document to inform the decision-making
and programming for the design of the 2007-2010 USAID/Lebanon Mission
Strategy, with the focus of stimulating economic growth and opportunity
for disadvantaged rural populations.
The
Volunteers for Economic Growth Alliance (VEGA) Lebanon Investment in
Microfinance (LIM) Program, implemented by the International Executive
Service Corps (IESC), provided technical assistance to three Lebanese
microfinance institutes through the services of Mr. Hal Handley, an
IESC international agribusiness expert. With over 45 years of
experience, Mr. Handley provided tailored assistance to program
partners and leading micro-finance institutes (MFI) ADR, AlMajmoua, and
Ameen. The United States Agency for International Development (USAID)
funded the LIM program to increase access to finance in rural
communities in order to sustain and expand existing businesses,
increase sales revenues, encourage entrepreneurship, launch new
businesses, and create new jobs. The LIM program partnered with three
leading MFIs to provide loans to micro and small businesses operating
in rural and peri-urban communities across Lebanon. In its first
quarter, the LIM program loaned over $275,598 to 145 agribusinesses and
helped sustain and create over 264 full time and 90 seasonal jobs.
