CHF Lebanon Replacement Facility 2 (DFC-2017-CHFLEBANONREP)

Countries
  • Lebanon
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Vitas S.A.L.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 38.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 20, 2020


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Project Description

According to bank documents, OPIC will expand its back-to-back investment guaranty to Global Communities in support of Global Communities’ guaranty of microenterprise, small business, home improvement, consumer finance, and education loans made by the Project Company to qualified borrowers in Lebanon. With a target to serve over 42,000 clients by 2022, the Project supports financial
inclusion, private business development, job creation, and income, standards of living, and economic growth in Lebanon. Although Lebanon has a relatively advanced commercial banking system, loans for microenterprises and small businesses, which comprise an estimated 90% of businesses in Lebanon, are not widely available, and the Project will assist in addressing this challenge.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

*Contact information not provided at the time of disclosure*