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News & Events

Kafalat SAL Celebrates the Arab Day for Financial Inclusion

On April 27 of each year, the Arab World celebrates Financial Inclusion. Financial Inclusion is the effort of making available all financial services to various segments of society, especially the... more

Kafalat at Beirut Energy Forum 2015 - From 9 To 11 September

Kafalat SAL will be participating in the International Beirut Energy Forum - 2015, at booth # 21. The Bieurt Energy Forum is an annual meeting event for experts and stakeholders in Renewable Energy... more

Kafalat launches three new programmes

February 28, 2013 - In an event at the Association des Banques au Liban, gathering representatives from all Lebanese banks, and with the participation from Representative of the Delegation of the... more

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Partners

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Partners in Co-operation

Industrial Research InstituteMultilateral Investment Guarantee Agency
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Application flow

Mon, 05/06/2013 - 16:05 -- admin

Application flow

To facilitate the Client’s application process, the application will be divided into 2 parts, a technical part comprising the Technico-Financial Study, and an economic part comprising all other documents. The flowchart below illustrates the application flow from the Client’s decision to explore energy investment opportunities, to the final approval of the loan and guarantee.

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Cost of the Loan

Mon, 05/06/2013 - 15:22 -- admin

Cost of the Loan

Interest Rates

Kafalat Energy guaranteed loans may only be granted in Lebanese Pounds. The maximum interest rate applied for the Kafalat Energy loans is 3%.

Subsidy

The interest subsidy is the same for all subsidized loans, currently at 4.5%. The duration of the subsidy is maximum 7 years, beyond which the Central Bank will no longer subsidize the interest.

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Documents Required

Mon, 05/06/2013 - 15:20 -- admin

Documents Required

Kafalat Energy applications should enclose all the documents requested for Kafalat files.

In addition, the Client should provide one additional document pertaining to the energy project: a Technico-Financial Study. This study combines a detailed system design, which should follow sound engineering practice, and a financial analysis which should highlight the costs and revenues of the project. It must be prepared by a mechanical, electrical or energy engineer contracted by the Client.

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Eligibility

Mon, 05/06/2013 - 15:18 -- admin

Eligibility

Eligible applicants are SMEs with less than 40 registered employees operating in one of the five subsidized sectors: Industry, Tourism, Agriculture, High Technology and Crafts.

Legal Forms

All types of legal economic entities are eligible for Kafalat Energy Loans.

Special Types of SMEs

Independent Power Producers are companies whose activity is restricted to producing electrical power and selling it to third parties; these companies are classified as industrial and thus are eligible.

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Characteristics of the Loan

Mon, 05/06/2013 - 15:08 -- admin

Characteristics of the Loan

Programme A: Energy Efficiency

Kafalat Energy – Energy Efficiency guarantees loans with amounts varying between a minimum of LBP four million and a maximum of LBP 600 million, and is available for loans in LBP only.

This programme finances all types of projects that aim to improve the energy performance of SMEs, thus reducing the total energy consumption required for their activities.

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Overview

Mon, 05/06/2013 - 15:05 -- admin

Kafalat Energy programme overview

Kafalat Energy is the result of a partnership between the European Union and Kafalat SAL to address energy constraints faced by SMEs, while ensuring reduction of negative environmental impact.

This programme will provide eligible SMEs with loan guarantees for investments in Energy Efficiency and Renewable Energy.

The EU support enabled the extension of resources to increase the maximum loan amount and extend the duration of the guarantee and the grace period.

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Application Flow

Mon, 05/06/2013 - 12:41 -- admin

Application Flow

The borrower has first to approach a bank to present the project to be financed by the loan.

Once the bank has accepted the loan application, it submits this application to Kafalat. In addition to bank loan documents, Kafalat requires a completed loan guarantee application form as well as its own set of supporting documents.

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Cost of the Loan

Mon, 05/06/2013 - 12:40 -- admin

Cost of the Loan

Interest Rates

Kafalat Basic guaranteed loans may be granted in either Lebanese Pounds or US Dollars, or any other convertible foreign currency.

Loans taken in Lebanese Pounds (LBP) will be charged the following interest rate:

Interest rate = 40% of the 1 year Lebanese Treasury Bills Yield (TBY’s) + 3%

Loans taken in Foreign Currency (e.g. USD) will be charged the following interest rate:

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Documents Required

Mon, 05/06/2013 - 12:38 -- admin

Documents Required

Required documents related to the borrower:

For Individuals:

  1. Borrower ID and/or Commercial Register.
  2. Recent Central Des Risques report (CDR) from BDL for the borrower and his/her guarantors (report should not be older than three months).
  3. Telephone no.

For Companies:

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kafalat statistics

At 30-06-2017
2 658
active loans in Agriculture
975
active loans in Tourism
2 330
active loans in Industry