Value of Kafalat Guarantees Increased to $11.05M in August

Kafalat issued 78 guarantees in August 2014, surging up by 41.82% from 55 guarantees in the same month of 2013.

The value of loans guaranteed by Kafalat totaled $11.05M in August 2014, up from $6.97M in August 2013. Consequently, the average value of these loans jumped by an annual 11.76% to reach $141,701 in August 2014.

On a cumulative basis, Kafalat issued 584 guarantees worth $76.09M in the first eight months of 2014 compared to 539 guarantees worth $75.05M for the same period in 2013.

In terms of sectors, the three largest beneficiaries of loans were the agricultural sector with a share of 47.95%, the industrial sector with a share of 34.76% and the tourism sector with a share of 11.30%.

The number of issued guarantees for the agricultural and industrial loans increased from 219 and 183 by August 2013 to 280 and 203 in the same period of 2014.

However, the number of issued guarantees for the tourism sector continued to fall from 94 up to August 2013 to 66 in 2014, due to the ongoing instability in the country.

By geographical distribution, Mount Lebanon remained the primary region benefitting from Kafalat guarantees with a share of 43.84% of the total followed by stakes of 19.01% for the Bekaa region and 11.30% for the South.

256 guarantees were issued in the region of Mount Lebanon up to August 2014, up from 210 guarantees by August 2013. Meanwhile, the number of issued guarantees in the Bekaa and South regions went from 124 and 65 to 111 and 66 up to August 2014, respectively.

 

Breakdown of Kafalat Guarantees by Sector in August

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Source: Kafalat

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