According to Kafalat, the number of loan guarantees dropped from 665 guarantees by November 2016 to 509 guarantees by November 2017. The overall value of the guarantees dropped by 28% year-on-year (y-o-y) to stand at $62.35M by November 2017, compared to a value of $86.92M over the same period in 2016.
By November 2017, the top three beneficiaries of Kafalat guarantees were the sectors of agriculture, industry, and tourism, grasping the respective shares of 38.90%, 33.79%, and 21.61%. In fact, the number of loan guarantees to the sectors of agriculture, industry, and tourism declined from 308, 206, and 111 by November 2016 to 198, 172, and 110, respectively.
In terms of the regional breakdown, 41.06% of the guarantees were granted in Mount Lebanon, followed by 18.27% distributed in the Bekaa, and 14.34% in the South. By November 2017, the number of guarantees reached 209, 93, and 73 in Mount Lebanon, the Bekaa, and the South, respectively, down from 280, 146 and 78 by November 2016.
Value and Number of Kafalat Guarantees by November