Kafalat issued 85 guarantees in May 2014, a 28.79% increase from the 66 guarantees in May 2013, where total value of loans recorded a 12.62% year-on-year gain to $9.90M. The rise in number of guarantees that outweighed the increase in value of loans caused the average amount per loan to fall by an annual of 12.55% to reach $116,430. On an aggregate basis, Kafalat issued 356 guarantees worth $44.73M in the first five months of 2014 compared to 309 guarantees worth $42.30M for the same period in 2013. In terms of sectors, the three largest beneficiaries of loans were the agricultural sector with a share of 50.84%, the industrial sector with a share of 33.99% and the tourism sector with a share of 8.99%. The number of issued guarantees for the agricultural and industrial loans broadened from 121 and 106 in the first five months of 2013 to 181 and 121 during the same period of 2014. However, the number of issued guarantees for the tourism sector continued to fall from 60 up to May 2013 to 32 up to May 2014. By geographical distribution, Mount Lebanon remained the primary region in terms of Kafalat guarantees with a share of 42.42% followed by percentages of 20.51% in the Bekaa region and 10.96% in the Nabatieh. 151 guarantees were issued in the region of Mount Lebanon up to May 2014, up from 124 guarantees by May 2013. Meanwhile, the number of issued guarantees in the Bekaa and Nabatieh regions went from 68 and 25 up to May 2013 to 73 and 39 up to May 2014.