IBDAA Direct

Innovation Company for Microfinance SAL is a Lebanese financial company contribution to a private non-profit organization working to provide sustainable financial services to small entrepreneurs, it is also working to spread microfinance culture among small people. Innovation Company is the result of a development partnership between the Arab Gulf Program for Development Initiative (AGFUND) and a group of Lebanese shareholders socially responsible. And back the idea of ​​establishing the company to His Highness Prince Talal Bin Abdul Aziz's initiative for the establishment of banks to finance small businesses with low-income owners in the Arab world. Registered as a financial innovation does not envisage shareholders return on capital employed, under the supervision of the Central Bank of Lebanon to apply the best professional standards in this area. The capital of the company's capital of five million US dollars. Innovation business launched through its first branch in Beirut, in the first of July 2012. We have targeted in the first phase of women's products, small existing projects, and projects Alchaabab.o the company plans to reach a large number of customers through partnerships and a network of branches scattered in areas various Lebanese.