The number and value of guarantees given by Kafalat declined by 19.21% and 14.83% during 2015 to 676 worth $93.31M, respectively, compared to 838 guarantees worth $109.55M by December 2014. The average value per loan increased from $130,731 throughout 2014 to $137,828 in 2015
Although remaining in the top benefiting sectors from Kafalat guarantees, Agriculture (46.82%), Industry (35.60%), and Tourism (10.49%) saw the number of their guarantees decrease from 399, 295 and 98 by December 2014 to 317, 241, and 71 guarantees, respectively.
As for the regional breakdown, Mount Lebanon kept grasping the majority of guarantees with a 38.11% share (258 guarantees) followed by Bekaa with a 20.68% share or 140 guarantees, the South of Lebanon with a 13.59% share or 92 guarantees, and the North of Lebanon with a 12.56% share or 85 guarantees.
In the month of December alone, Kafalat actually issued 61 guarantees worth $8.55M compared to 42 guarantees worth $6.27M in December 2014. Accordingly, the average value per project decreased from $149,315 in December 2014 to $140,185 this year.
Yearly Number of Guarantees