According to Kafalat statistics, the number of issued loan guarantees stood at 193 worth $23.6M for the first four months of 2017, compared to 242 guarantees issued, worth $34M, over the same period in 2016.
As such, the ensuing average loan value per project substantially declined from $561,560 by April 2016, to $122,396 by April 2017.
In terms of geographical allocation, Mount Lebanon accounted for 42% of all issued Kafalat guarantees, followed by 23% for the Bekaa and 12% for the South. In Mount Lebanon and the Bekaa regions, the number of issued guarantees stood respectively at 81 and 44 in the first four months of 2017, compared to 93 and 64 in the same period of 2016. Moreover, in the South, 24 guarantees were issued by April 2017 compared to 21 by April 2016.
The sector receiving the largest number of Kafalat guarantees was the Agricultural sector, grasping a share of 39% of total issued guarantees, followed by shares of 34% and 20% for the industrial and tourism sectors, respectively. In details, the number of issued guarantees for agriculture, industry, and tourism totaled 76, 65 and 39 by April 2017, reduced from 113, 73 and 41 by April 2016.
In April alone, value and volume of issued loan guarantees also fell from 67 guarantees worth $8.8M in 2016, to 47 guarantees worth $5.3M in 2017. It is worth noting that the number of issued guarantees rose only in Nabatieh, from 3 guarantees issued by Apr. 2016 to 6 in the same month of 2017, while the number declined in all other regions.
Volume and Value of Kafalat Guarantees by April
Source: Kafalat