The Value of Kafalat Guarantees Dropped to $77.38M by October 2015

The number and value of guarantees given by Kafalat declined by 24.32% and 17.42% in the first 10 months of 2015 to 554 worth $77.38M, respectively, compared to 732 guarantees worth $93.70M by October 2014. The average value per loan increased from $128,009 by October 2014 to $139,678 over the same period this year.

Although remaining in the top benefiting sectors from Kafalat guarantees, Agriculture (47.47%), Industry (35.74%), and Tourism (9.93%) saw their guarantees decrease from 352, 257 and 82 by October 2014 to 263, 198, and 55 guarantees, respectively.

As for the regional breakdown, Mount Lebanon kept grasping the majority of guarantees with a 37.91% share (210 guarantees) followed by Bekaa with a 21.30% share or 118 guarantees, the South of Lebanon with a 13.00% share or 72 guarantees and the North of Lebanon with a 12.64% share or 70 guarantees.

In the month of October alone, Kafalat actually issued 78 guarantees worth $11.18M compared to 62 guarantees worth $6.99M in October 2014. Accordingly, the average value per project increased from $112,724 in October 2014 to $143,296 this year.

 Number of Guarantees by Sector up to October

The Value of Kafalat Guarantees Dropped to $77.38M by October 2015

Source: Kafalat

 

 

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