According to Kafalat, the number of loan guarantees dropped from 485 guarantees by Aug. 2016 to 397 loans by Aug. 2017. The overall value of the guarantees also plunged from $65.73M in the same period of 2016 to reach $47.82M by Aug. 2017.
The top three beneficiaries of Kafalat guarantees in the first 8 months of the year were: the agriculture, industry, and tourism sectors, grasping the respective shares of 42.96%, 32.91%, and 19.35%. Even though the agriculture sector took up the largest share of guarantees, the number of loan guarantees to the sector dropped substantially from 229 loans by Aug. 2016 to 171 loans by Aug. 2017. The issued guarantees for each of the tourism and industry sectors also slid from 142 and 87 to 131 and 77, respectively.
Regionally, the largest number of guarantees extended was in Mount Lebanon which grasped 40.81% of total loan guarantees, followed by 20.10% and 13.82% in each of the Bekaa and the South, respectively. The total number of guarantees stood at 162, 80, and 55 in Mount Lebanon, the Bekaa and the South, respectively.
Value & Nbr. of Kafalat Loan Guarantees by August (in $M)