Guarantees for Loans to Small and Medium Enterprises

Special Conditions

Mon, 05/06/2013 - 17:01 -- admin
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Special Conditions

  • The borrower must commit to making a minimum contribution of 50% in equity, either in kind (subject to Kafalat’s approval) or in cash towards the cost of the project.
  • Loans may only be approved for renovation or extension of premises, machinery and equipment, and working capital.
  • The lending bank is not allowed to require from the borrower any collateral or other guarantees on top of the Kafalat loan guarantee.