On behalf of Aleb, we would like to thank our donors for their generous donations to families in need in Lebanon.
Since the launch of Aleb, their commitment has helped sustain the livelihood of low-income families who have been most affected by Lebanon's catastrophic economic crisis. Their support during these incredibly difficult times will forever be appreciated.
In partnership with Al Majmoua and incubated by LebNet, Aleb has just completed its first two quarters since its launch in Dec 2020. With the donors' help, Aleb was able to sponsor 47 families, with 44 having already received 4 disbursements.
During this pilot phase, Aleb and Al Majmoua have done their best to reduce transaction costs and ensure that families received their donations as promptly as possible. To make the process most efficient, we scheduled two disbursements per month, on the 15th and 30th. So any sponsored family would receive their first USD 200 disbursement within 15 days from donors pushing the “donate” button.
The money flow has also been kept simple during this phase to minimize costs. It is transferred from LebNet’s PayPal account to Al Majmoua’s account at Bank Audi, in what is now known locally as “fresh” dollars (or real dollars). Representatives from Al Majmoua pick up the cash from the bank and carry it over to OMT (Western Union). All disbursements to the end beneficiary are done exclusively through OMT.