Ameen Loan (Micro Credits)

What is it?

• Credits offered by Ameen Company SAL* to enable individuals with limited income to benefit from micro to medium sized loans

What can you borrow?

• Loan types:

1. Loan for small to medium sized ongoing projects
2. Loan for house improvement
3. Personal loans

• Loan amount:

1. Ranges from USD 300 to USD 5,000; or from LBP 450,000 to LBP 7,500,000
2. Loan amount depends on the size of the project, borrower's income, his/her ability to repay without delay and required guarantee

How will you repay it?

• Flexible repayment period ranging between 4 months and 18 months 
• The applicant can receive successive loans after settling the initial loan amount

How can you get it?

• Applicant must be an owner of a small to medium sized project (minimum of 1 year operational) 
• Low income employee with a minimum 1 year employment period
• Applicant must hold Lebanese nationality or a legal residency permit covering the loan’s period
• Applicant age must range between 18 and 64 years
• Tangible security pr guarantor who is employed in the public sector, or at a private institution, or a credit worthy guarantor

(*) Ameen SAL was established in 2003 offering micro credits to small and medium sized projects in an attempt to alleviate the Lebanese economic conditions, especially to limited-income social sectors