BLC also supports SMEs in Lebanon

The BLC bank organized on Wednesday a conference on supporting small and medium enterprises (SMEs) in Lebanon. The purpose of the conference was to influence policy makers in the country, facilitate access of SMEs to markets, as well as build the model to support and expand the business of these companies. The conference also allowed participating startups and SMEs’ owners to communicate directly with prominent and established business people in order to benefit from their diverse experience and cooperate in the expansion and development of their enterprises through dissemination of methods for growing locally and expanding globally. The event witnessed the presence of BLC Chairperson, Nadim Kassar, General Manager of Kafalat, Khater Abu Habib and a group of startups and SMEs. Kassar on the occasion pointed out that the development of SMEs stimulates economic growth, hence, creating more jobs and additional sources of income for citizens and the State. Yola Sarjiddine, Kafalat executive director, noted that as Lebanon’s market for SMEs is relatively small, they should be buoyed up to go beyond the borders, and called for easing procedural obstacles to this effect. The conference also drew attention to the slowness in funding procedures, particularly for companies with big capital (USD 1-5 million). 

(L’Orient Le Jour, March 30, 2017)

 

 

Previous related news: 

Awards from the BLC to honor business women

BLC outlines his pioneer experience in building women’s capacities

BLC promotes in NY its women empowerment initiative