According to Kafalat, the number of loan guarantees dropped from 546 guarantees by September 2016 to 447 guarantees by September 2017. The overall value of the guarantees fell by 26.31% to reach $54.20M by September 2017, compared to a value of $73.55M during the same time in 2016.
In the first 9 months of the year, the top three beneficiaries of Kafalat guarantees were agriculture, industry and tourism sectors, with respective shares of 40.94%, 32.89%, and 20.36%. In fact, agriculture, industry and tourism sectors fell from 252, 164, and 96 to 183, 147, and 96, respectively.
Geographically, 41.16% of the guarantees were granted in Mount Lebanon, followed by 19.46% disbursed in the Bekaa and 14.54% in the South. The number of guarantees reached 184, 87, and 67 in Mount Lebanon, Bekaa and the South, respectively.
Value of Kafalat Guarantees by September (in $M)