Kafalat Guarantees Shrank to $25.01M by April

The slowdown in economic activity had its toll on new projects guaranteed by Kafalat, as the number of guarantees given by Kafalat dropped in the first 4 months of 2015. Kafalat issued 180 guarantees worth $25.01M, compared to 276 guarantees worth $35.31M by April 2014. The average value per loan went up from $127,933 to $143,384.

Although remaining in the top benefiting sectors from Kafalat, Agriculture (46.67%), Industry (36.67%), and Tourism (8.89%) saw their guarantees decrease from 141, 100 and 20 to 84, 66, and 16 guarantees, by April 2015.

As for the regional breakdown, Mount Lebanon kept grasping the majority of guarantees with a 43.33% share, followed by Bekaa (19.44%) the South (12.22%), and the North (12.22%). The number of guarantees in these regions decreased from 114, 58, 27, and 31 guarantees to 78 in Mount Lebanon, 35 in Bekaa and 22 guarantees in each of the South and the North.

In the month of April alone, Kafalat issued 39 guarantees worth $5.85M compared to 68 guarantees worth $8.51M in April 2014. Accordingly, average value per project grew from $125,177 to $150,017.

 

Number of Guarantees by Sector up to April

Kafalat Guarantees Shrank to $25.01M by April

Source: Kafalat

 

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