According to Kafalat, the number and value of issued guarantees increased from 87 and $10.48M by February 2015 to 118 and $17.76M by February 2016. Accordingly, the average loan value per project increased from $120,999 by February 2015 to $150,216 in the first 2 months of 2016.
The top benefiting sectors from Kafalat, Agriculture (47.15%), Industry (35.04%), and Tourism (13.68%), saw their guarantees increase from 41, 29, and 9 by February 2015 to 54, 41, and 17 guarantees, by February 2016.
As for the regional breakdown, Mount Lebanon kept grasping the majority of guarantees with a 39.32% share, followed by Bekaa (28.21%) and the South (10.26%). The number of guarantees in these regions went up from 40, 16 and 11 guarantees to 46, 33 and 12 guarantees, respectively.
In the month of February alone, Kafalat issued 64 guarantees worth $9.83M this year compared to 47 guarantees worth $5.34M in February 2015. Accordingly, the average value per project increased from $113,625 in February 2015 to $153,655 in February 2016.
Value of Kafalat Guarantees by February (in $)
Source: Kafalat