Habitat for Humanity International Update - MicroBuild Fund

Habitat for Humanity's MicroBuild Fund (MicroBuild), which invests in financial institutions that on-lend this capital as housing microfinance loans directly to low-income borrowers, has announced a debt relief initiative for Al Majmoua (also known as the Lebanese Association for Development). Habitat for Humanity's technical assistance team will continue to engage with Al Majmoua – one of Lebanon's first and most prominent microfinance institutions (MFIs).

MicroBuild will provide significant debt relief to Al Majmoua to help alleviate financial pressures and support the MFI’s ongoing efforts to fulfill its social objectives. Habitat for Humanity's technical assistance team will continue to engage with Al Majmoua. MicroBuild has maintained a positive outlook on the future prospects of Al Majmoua and confidence that the debt relief initiative will empower the institution to successfully navigate country’s present challenges.