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Alfanar: Helping The Women Of Beirut Heal Their City

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The Beirut Port explosion of August 4th was a tragedy of staggering proportions. At least 200 deaths, 6,500 injuries and $15 billion in property damage have been attributed to the disaster, and up to 300,000 people were left homeless.

Thankfully, entrepreneurs and social activists came out in droves following the event; in fact, there are now more than 7,000 NGOs in Lebanon, the highest per capita anywhere in the world.

Michelle Mouracade is the Lebanon country director for Alfanar, a venture philanthropy organization supporting social enterprises in the Middle East. Fully eighty-three percent of the orgs that Alfanar supports are woman-led, and Mouracade thinks Lebanon is poised to become a global leader in the category.

“All of these NGOs have the potential to become social enterprises," Mouracade says. "This is Alfanar’s mission—to transform them into social enterprises, so they can be sustainable and investment ready.” To hear more about Alfanar's critical successes in Beirut and throughout the region, check out this week's Forbes feature.

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