Vitas Lebanon and Fransabank Partnering to Help Microentrepreneurs

Vitas Lebanon and Fransabank Partnering to Help Microentrepreneurs

Since 2007, Vitas Lebanon and Fransabank have worked together to offer a small loan program to microenterprise owners in rural, underserved areas of Lebanon. The goal of the program is to help microentreprenuers who find themselves excluded from traditional circles of lending and borrowing gain access to the financing they need to expand and improve their businesses. This video highlights just a few of the program’s clients, demonstrating how these small loans have helped them succeed in their enterprises and enabling them to provide a better life for themselves and their families. 
About Vitas s.a.l.
Vitas Lebanon, originally conceived in 1999 as a micro-credit program of Global Communities, became a shareholding company in 2003 and was licensed as a financial institution by Lebanon’s Central Bank in 2007. Since inception, the institution has served around 70,000 entrepreneurs across 700 Lebanese villages, with over 146,000 loans totaling over $240 million dollars. Find out more at www.vitaslebanon.com.
About Fransabank
Established since 1921 and listed first on the lists of banks in Lebanon, Fransabank enjoys today the ranking of a top four leading Lebanese financial Group. Present in 9 countries, Fransabank Group provides a broad range of retail, commercial, corporate, investment and international banking services to local and international clients. It is committed to provide its large client base with first-class services and products in the areas of banking and finance, crafted with the highest level of professionalism and integrity. Fransabank ensures its position as a leading financial institution in the local and regional markets by continuously and constantly striving and stressing on putting its stakeholders at the realm of everything it does and act accordingly. www.fransabank.com