Guarantees for Loans to Small and Medium Enterprises

For what purposes can the Kafalat Plus guaranteed loan be used?

Fri, 04/12/2013 - 14:21 -- admin

The Kafalat Plus guaranteed loan could be used for all business related expenditures that include:
   • Purchase of equipment and capital goods. (These can be new or used)
   • Plant renovation, expansion, etc.;

   • Purchase of raw materials, spare parts, working capital, and consulting fees;

   • Construction costs. (However, the loan should not be exclusively used to cover   
      construction costs.)
   • Marketing promotion activities, such as participation in show rooms, foreign
     exhibitions, etc.;

   • Research and development;

   • Other strategic objectives that serve the interest of SMEs and start ups.


The expenses have to be relevant to the business activity that is the subject of the loan and the expenditures have to occur after the approval of the loan guarantee.