- 144, El Alam Street, Horsh Kfoury, Badaro, Beirut.
- (00961) 1 382610
- aep@inco.com.lb
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Through this project funded by FDF, AEP was able in 2022-2023 to support its borrowers and staff by:
1- Offering subsidized loans to farmers:
67 small entrepreneurs benefitted from this initiative. Thanks to FDF, we were able to offer subsidized loans to small entrepreneurs which had a significant impact on their businesses and livelihoods, both in the short and long term. It provided them with access to credit, improved productivity, boosted their income, reduced poverty, and had a positive impact on the economy.
A total of 20 young individuals were provided with subsidized loans, enabling them to establish their own businesses. By not burdening them with excessive financial commitments such as high interest rates and fees, we have helped these young entrepreneurs gain faith in their capabilities and become productive contributors to society. We firmly believe that supporting youth in starting their businesses is a crucial step towards achieving sustainable development and fostering economic growth in the community.
2- Supporting AEP team:
This support had a significant impact on both the well-being of our workforce and the overall productivity of the organization. The current economic challenges and the sharp devaluation of the Lebanese pound have created immense financial strain on our employees, making it increasingly difficult for them to cope with the rising cost of living. By providing this support, we have not only helped alleviate their financial burdens but also served as a source of motivation and stability during these uncertain times.