Creation of the "SANAD Bond Fund" Loans, university grants, and support for small and medium enterprises

Date : 2023-08-18

Location : lebanon

Description :
Project Definition:

The "SANAD Fund" project aims to provide educational assistance in the form of grants, loans, enrollment, sponsorship, or similar programs through student aid initiatives in higher education for financially challenged students. The project operates from the Al-Kharoub region, focusing on specialized fields required by the current and anticipated job market within the framework of a strategic plan (five-year or ten-year). The fund acts as a link between the financial needs of economically disadvantaged and exceptional students on one hand, and charitable individuals, organizations, and benefactors from the Lebanese, Arab, international, and other communities on the other.

Moreover, in the event of financial capabilities, the fund may provide interest-free loans to graduates in freelance professions to establish and equip small and medium-sized projects, within limits defined by the fund's board of directors.

Project Idea:

The project idea is based on the following principle: "SANAD Fund" is a financial institution (interest-free loan) that monitors, collects, and manages aid, donations, loans, and all forms of support provided to university students and graduates by countries, entities, donor institutions, and individuals. It achieves this through leveraging relationships with philanthropists, donors, and lending institutions, including banks and human development funds spread across Lebanon, the Arab world, and globally.

Importance of the Project:

The "SANAD Fund" contributes to:

Addressing the financial needs of students unable to pay their university fees or expenses, fostering self-reliance among students.
Providing higher education exclusively for middle and low-income students.
Preparing academic, scientific, technical, and professional cadres to fill vacancies in public and private institutions (universities and institutes).
Involving donor organizations, well-off individuals, and philanthropists in enhancing financial support resources.
Ensuring financial support for financially needy and high-achieving students.
Providing financial support to academic and professional university graduate students in establishing small and medium-sized projects needed by the local community.
Providing career guidance and training for students to choose fields that align with their skills and training for project selection and management.