The number and value of guarantees given by Kafalat declined by 28.81% and 23.53% in the first 8 months of 2015 to 415 worth $57.93M, respectively, compared to 583 guarantees worth $72.75M by August 2014. The average value per loan increased from $129,935 to $138,131 over the same period.
Although remaining in the top benefiting sectors from Kafalat guarantees, Agriculture (47.23%), Industry (35.18%), and Tourism (9.64%) saw their guarantees decrease from 280, 203 and 65 by August 2014 to 196, 146, and 40 guarantees, respectively.
As for the regional breakdown, Mount Lebanon kept grasping the majority of guarantees with a 39.76% share, (165 guarantees) followed by Bekaa with 21.20% share or 80 guarantees, the North of Lebanon with 13.01% share or 54 guarantees and the South of Lebanon with 12.53% share or 52 guarantees.
In the month of May alone, Kafalat only issued 57 guarantees worth $7.38M compared to 78 guarantees worth $11.05M in August 2014. Accordingly, the average value per project declined from $141,701 to $129,416.
Number of Guarantees by Sector up to August
Source: Kafalat