According to Kafalat, the number and value of issued loan guarantees stood at 47 and $5.34M in January 2017 compared to 54 guarantees worth $7.93M issued back in January 2016.
Over the same period, the ensuing average loan value per project also declined from $146,777 to $113,617.
The geographical allocation in January 2016 showed that the biggest beneficiary of Kafalat guarantees still is the region of Mount Lebanon, where 26 loan guarantees were issued in January 2017 compared to 22 back in January 2016.
The Bekaa region benefitted from 9 guarantees in January 2017 compared to 16 in the same period last year.
In January 2017, the biggest number of Kafalat guarantees was granted to the tourism sector which received 20 guarantees, the same number registered in January 2016. As for the number of loan guarantees granted for the industrial sector, it was slashed by almost half going from 21 to 12.
A small uptick was registered in the number of loan guarantees granted for the tourism sector, as they rose from 9 in January 2016 to 11 in January 2017.
Value of Kafalat Guarantees in January, In $
Source: Kafalat