Al Majmoua II (IFC-39075)

  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
  • Lebanon
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 31, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 27, 2018

Disclosed by Bank Apr 24, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed project will be IFC’s second engagement with The Lebanese Association For Development (“Al-Majmoua”). Proposed project includes a senior loan and a Risk Sharing Facility to support Al- Majmoua grow its activities in Lebanon and reach out to more of the underserved target clientele especially the very small enterprises and micro entrepreneurs. Furthermore, through this project, Al-Majmoua will be able to provide needed support and help alleviate the hardship dictated on local communities as a result of the current economic situation and the influx of refugees over the past few years.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The project sponsor is Al-Majmoua (The Lebanese Association for Development), a leading microfinance institution (MFI) in Lebanon. Al-Majmoua started in 1994 by Save the Children (USA), as a microfinance program with the mission of promoting sustainable development by improving the economic and social conditions of low-income individuals, especially micro-entrepreneurs and women. In 1998, the program was spun-off into an independent local NGO registered with the Ministry of Interior. Over the years, Al-Majmoua managed to build a reputable franchise to become a leading MFI in Lebanon with about 62,000 active clients, of which 57% are women, and US$58 million in net outstanding loan portfolio (as of December 31 2016). Al-Majmoua serves its clients through a network of 27 branches and a team of 358 people.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Fatma Mohamed Aziz Sidky
Investment Officer, International Finance Corporation 
Telephone No.: +1 (202) 2461 4288
Email Address:
Office Address: Nile City Towers, North Tower, 24th Floor. 2005C Corniche El Nil, Ramlet Boulac. Cairo, Egypt


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at


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