MEDSt@rts promotes the definition of a joint Mediterranean microfinance strategy



The 3rd Microfinance Cross border Forum will be held On March 30, at 11:00 am in South Lebanon


Sidon/South Lebanon - In the frame of the EU-funded MEDSt@rts Project “Med Microfinance support system for start-ups”, the Chamber of Commerce, Industry and Agriculture in Sidon and South Lebanon will host the 3rd Microfinance Cross-border Forum on 30th of March, 2022 at 11:00 am (Beirut time), Live at the Chamber of Sidon premises, online via Zoom platform and live streaming channels.

This hybrid event aims for building a joint Mediterranean microfinance strategy in the five countries taking part in the MEDSt@rts project, which will be more responsive to the needs of both entrepreneurs, economic and investment structures, amid a safer and more organized legislative and institutional environment for this sector.

Interventions will be tackled by the Fondazione di Sardegna (lead beneficiary), the Sfax Chamber of Commerce and Industry, the Italian-Arab Cooperation Chamber, Lebanese organizations offering microfinance and microcredit programs for innovative projects including Al Majmoua, Makhzoumi Foundation, the Lebanese Micro-Finance Association, the Economic and Social Development Fund and the Association d’Entraide Professionnelle.

The 3rd Forum will cover the current challenges facing institutions that support small and medium enterprises through development funding, as well as the achievements, performance and success stories of the attending organizations despite the dire circumstances. The Forum’s sessions will offer a rich and comprehensive platform for discussion, as they will present success stories and diverse experiences from the different countries participating in the project.

MEDSt@rts - “Med microfinance support system for start-ups” is a project funded by the European Union, under the ENI CBC MED Programme. The Programme is managed by the Autonomous Region of Sardinia (Italy) and aims to promote cross-border cooperation in the Mediterranean region. Fondazione di Sardegna is the Lead Beneficiary and is also leading the project, who started on October 10th, 2019. The other partners are: SFIRS (Italy), Arab Italian Cooperation Chamber (Italy), Chamber of Achaia (Greece), Sfax Chamber of Commerce and Industry (Tunisia), LEADERS (Palestine) and Chamber of Commerce, Industry and Agriculture in Sidon and South Lebanon (Lebanon).













This 2 million euros project (€ 2.831.039,71 – 90% EU Contribution) is expected to contribute the promotion of social inclusion for vulnerable, unemployed young people and women by providing the following: the creation of 75 new enterprises and up to 225 new jobs, the development of a system for access to credit mixing direct support (sub-grant) and crowd funding/business angles to support non -bankable entrepreneurs and start-ups in sectors such as digitalization, sustainable tourism, agri-food, eco-design and craftsmanship, a Mediterranean network between microfinance and microcredit organizations for business development.



For further information:

+961 7 720123 ext(170)

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This Publication has been produced with the financial assistance of the European Union under the EI CBC Mediterranean Sea Basin Programme. The contents of this document are the sole responsibility of the Chamber, of Commerce, Industry and Agriculture in Sidon and South Lebanon and can under no circumstances be regarded as reflecting the position of the European Union or the Programme management structures


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