Loan Currency Lebanese Pound. Assigned Bank Credit Libanais Branches. Loan Amount Ranging between LL 1,000,000 and LL 10,000,000. Repayment Period Maximum Three years. Interest Rate Declining at 16% p.a. or Flat at  8.6% p.a. Guarantee Two guarantors, Civil Servant and Private Sector Employee     (Age between 21 yrs and 60 yrs). Grace Period One month interest bearing. Eligibility Criteria - Lebanese national. - Age between 21 yrs and 60 yrs. - Completion/Exemption of the military service. - Not eligible for bank financing but credit worthy. - Have a sound business proposal. Procedure 1. Meeting with the local EDF Field Officer for application. 2. Meeting with the EDF Loan Officer to develop a Business Plan. 3. Application and Business Plan are submitted to the EDF Credit Committee for preliminary approval. 4. Upon approval, the applicant should submit all the required documents to EDF. 5. The Bank gives the final approval and assigns a date, for both the applicant and the guarantors for signing of Promissory Notes, Issuing of Life Insurance, Settling of Fees and Loan Disbursement. Required Fee - File Opening:  LL 50,000. - Stamps:  Ratio at 1.5/1000 of the loan value. - Life Insurance Premium: Ranging between LL 36,000 and LL 120,000 (Depending on loan amount and age of applicant). Required documents from Applicant and Guarantors 1. Photocopy of ID. 2. Proof of Residence Address from the Moukhtar. 3. Reliable Proof of Income.