The Value of Kafalat Guarantees Declined to $32.15M by May 2015

The number and value of guarantees given by Kafalat declined by 38.78% and 40.62%, respectively in the first 5 months of 2015 to 221 worth $32.15M, compared to 361 guarantees worth $45.21M by May 2014. The average value per loan increased from $125,224 to $145,461 over the same period.

Although remaining in the top benefiting sectors from Kafalat guarantees, Agriculture (45.25%), Industry (37.56%), and Tourism (9.05%) saw their guarantees decrease from 181, 125 and 33 by May 2014 to 100, 83, and 20 guarantees, respectively.

As for the regional breakdown, Mount Lebanon kept grasping the majority of guarantees with a 42.53% share, (94 guarantees) followed by Bekaa with 18.10% share or 40 guarantees, the South of Lebanon with 12.22% share or 27 guarantees and the North of Lebanon with11.76% share or 26 guarantees.

In the month of May alone, Kafalat only issued 40 guarantees worth $6.94M compared to 85 guarantees worth $9.90M in May 2014. Accordingly, the average value per project grew from $116,430 to $173,537.

Number of Guarantees by Sector up to May

The Value of Kafalat Guarantees Declined to $32.15M by May 2015

Source: Kafalat

 

Leave a Reply

Your email address will not be published. Required fields are marked *