What does Kafalat NOT do?
- Kafalat does NOT grant loans, it guarantees loans that are given by banks
operating in Lebanon. (Kafalat does not interfere in the decision-making
procedure for the loan approval at the bank).
- Loans to be guaranteed by Kafalat generally CANNOT be used for the
repayment of existing debts.
- The funds generally CANNOT be used for paying for business expenses
incurred prior to the approval of the guarantee.