Guarantees for Loans to Small and Medium Enterprises

What does Kafalat NOT do?

Fri, 04/12/2013 - 10:30 -- admin

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.

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