Guarantees for Loans to Small and Medium Enterprises

What are the activities that are excluded from the Kafalat Plus guarantee scheme?

Fri, 04/12/2013 - 14:22 -- admin

What are the activities that are excluded from the Kafalat Plus guarantee scheme?

The following activities will not qualify for loan guarantees under the guarantee scheme:

   • Manufacturing or selling arms, weapon, or munitions;

   • Activities that contributes to the violation of internationally recognized workers and human rights conventions or Lebanese labour laws;

   • Any activity defined as illegal, or environmentally hazardous and dangerous for
     human health;

   • All activities involved in the gambling industry;

   • Activities involved in currency speculations;

   • Security investments, or other type of financial assets;

   • Activities in the real estate sector.

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