According to Kafalat, the number of issued loan guarantees reached 262 with a value of $32.1M for the first five months of 2017, compared to 294 guarantees issued, worth $41.3M, over the same period in 2016. As such, the average loan value per guarantee fell from $141,639 by May 2016, to $121,692 by May 2017.
Geographically, Mount Lebanon grasped the largest share with 43% of all issued Kafalat guarantees, followed by 21% for the Bekaa and 14% for the South. In details, the number of issued guarantees in Mount Lebanon and the Bekaa region stood respectively at 113 and 54 in the first five months of 2017, compared to 120 and 71 in the same period of 2016. Moreover, in the South, 37 guarantees were issued by May 2017 compared to 25 by May 2016.
In terms of sectors, the sector receiving the largest number of Kafalat guarantees was the Agricultural sector, accounting for 42% of total issued guarantees, followed by the Industrial and Tourism sectors with respective shares of 33% and 20%. The numbers of issued guarantees for Agriculture and Tourism totaled 109 and 52 respectively by May 2017, reduced from 137 and 54 respectively by May 2016, while the number of issued guarantees for Industrial totaled 86 and by May 2017 rose from 85 by May 2016.
In May alone, value and volume of issued loan guarantees rose from 52 guarantees worth $7.4M in 2016, to 69 guarantees worth $8.4M in 2017.
Kafalat Guarantees by May
Source: Kafalat