The number and value of guarantees given by Kafalat declined by 28.96% and 22.79% in the first 9 months of 2015 to 476 worth $66.35M, respectively, compared to 670 guarantees worth $86.71M by September 2014. The average value per loan increased from $129,423 by September 2014 to $140,659 over the same period this year.
Although remaining in the top benefiting sectors from Kafalat guarantees, Agriculture (47.90%), Industry (35.92%), and Tourism (9.03%) saw their guarantees decrease from 318, 232 and 80 by September 2014 to 228, 171, and 43 guarantees, respectively.
As for the regional breakdown, Mount Lebanon kept grasping the majority of guarantees with a 38.45% share (183 guarantees) followed by Bekaa with a 21.43% share or 102 guarantees, the North of Lebanon with a 12.82% share or 61 guarantees and the South of Lebanon with a 12.39% share or 59 guarantees.
In the month of September alone, Kafalat only issued 61 guarantees worth $9.03M compared to 87 guarantees worth $10.96M in September 2014. Accordingly, the average value per project increased from $125,992 in the first 9 months of 2014 to $147,967 by September 2015.
Number of Guarantees by Sector up to September
Source: Kafalat