Value of Kafalat Guarantees Grew to $85.42M by November 2016

According to Kafalat, the number of loan guarantees grew from 621 guarantees by November 2015 to 655 guarantees by November 2016. The overall value of the guarantees decreased by 0.58% y-o-y to reach $85.42M by November 2016 compared to a value of $85.92M during the same time in 2015.

During the first eleven months of the year, the top three beneficiaries of Kafalat guarantees were agriculture, industry and tourism sectors, with respective shares of 46.41%, 30.99%, and 16.64%. Kafalat guarantees for the tourism sector increase by November 2016 as the Lebanon is witnessing improving political events, with the number of loan guarantees rising from 65 by November 2015 to 109 by November 2016.

The number of loans granted by Kafalat for the agricultural sector rose from 294 by November 2015 to 304 by November 2016, while loan guarantees for the industrial sector dropped from 225 to 203, over the same period.

Geographically, 42.14% of the guarantees were granted in Mount Lebanon, followed by 21.68% disbursed in the Bekaa and 11.91% in the South. The number of guarantees reached 276, 142, and 78 in Mount Lebanon, Bekaa and the South, respectively.

Value of Kafalat Guarantees by November (in $M)

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Source: Kafalat

 

 

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