Situation: The economic situation has been declining in Lebanon since the 2019 protests. The Lebanese pound has dropped in value, there are a lack of economic opportunities, and the outbreak of COVID-19 has placed incredible pressure on vulnerable families, especially female-headed households.
Impact: Due to the combination of COVID-19 and the worsening economic crisis, two out of three Lebanese households are suffering from a reduced income.
Response: This project helped to support orphans, business owners and skilful workers with essential livelihood assets, equipment and materials to help boost their productivity and continue to sustain a secure means of living. The intervention has given micro-finance conditional cash grants to business owners and skillful workers (orphans and widows) to help them start or restart their businesses. The project targeted 50% from the Lebanese host community, 35% Syrian refugees and 15 Palestinian refugees.
The difference between IWF and other organisations is that IWF will invest your donations and bring a sustainable return year on year and serve people indefinitely.
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International Waqf Fund. Infinite Good.