Ibdaa3 for micro-credit reaches 3,500 women and young beneficiaries and aims to reach 10,000 beneficiaries

Bashar al Kouatly, the director of Ibdaa3 association, presented the poverty reduction strategy of his group, that was implemented in Lebanon during the last 18 months with AGFUND support, and that is during the launch of a new micro credit bank for combating poverty in the Philippines.  Al Kouatly noted that Ibdaa3 currently has 5 branches across Lebanon and has reached to date 3500 beneficiaries.  He added that Ibdaa3 is targeting to reach 10,000 beneficiaries during a one year period.  He also highlighted that most of Ibdaa3’s beneficiaries are women and young people.
Source: Al-Nahar 24 January 2014