In April 2021 Berytech launched this support programme within the framework of an EU funded programme “European Union For Women’s Empowerment (EU4WE)” implemented by Expertise France. Woman-owned or women-led Micro, Small and Medium Enterprises (MSMEs) were invited to apply for the grant to sustain their activities after the explosion. With over 200 applications received, 80 have been shortlisted with an eventual 30 MSMEs to be awarded this summer.
The support to be provided will address the main challenges encountered by the selected women-led businesses such as the high price of materials and equipment, lack of cash liquidity, price increases, requirements of payment in advance in cash, lack of working capital, online payments which are not accessible in Lebanon.
Applicants indicated that, if selected, they intend to spend the grant to cover the shortages encountered such as paying rent and salaries, renovation works, running costs, fixing damaged material and equipment, purchasing goods and equipment as well as covering the cost of ads on social media to boost their businesses.
As well as the grant itself, recipients will also benefit from training and networking. “The beneficiaries will undergo 12 hours of training on dealing with the crisis and will be supported in their journey. They will have the chance to access networks and opportunities through Berytech and will be supported in identifying experts who can support them,” explains Joanna Abi Abdallah, head of Business Development and Support at Berytech.