New US aid to promote rural livelihoods

The director general of Lebanon Livelihoods and Inclusive Finance Expansion (LIFE), Mathew Lovick, exchanged yesterday a financial grant agreement with general director of the Lebanese Cooperative for Development (LCD), Serge Oweis. The purpose of the agreement is to enhance the livelihoods of residents of rural areas (the South, North and Beqaa), especially with the growing number of loan borrowers from LCD. Following the signing, Oweis said that LIFE’s initiative is a promising USAID-funded venture after the Lebanese Microfinance Investment-LMI project. “We should work hard and in a transparent manner to reach the set goals,” Oweis stated, pointing that LIFE is committed to the provision of technical and institutional assistance to LCD for the duration of the 5-year project. (Al Mustaqbal, June 6, 2017)

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