Guarantees for Loans to Small and Medium Enterprises

With which banks does Kafalat work? Through which bank can you apply for a Kafalat loan guarantee?

Fri, 04/12/2013 - 10:39 -- admin

With which banks does Kafalat work? Through which bank can you apply for a Kafalat loan guarantee?

Any commercial bank operating in Lebanon (Central Bank list) can be approached to apply for a Kafalat loan guarantee.

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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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Loan Examples

Loan guarantee example 1

Amount: 10 million Lebanese Pounds
Duration: 36 months
Grace period: 6 months
Interest: 6.65%
Click here for table of payments (PDF File 49 kb)
 

Loan guarantee example 2

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Partnerships

The European Union, in partnership with Kafalat SAL, has signed, since July 2004, a series of financing agreements with Lebanese Ministries, to create financing mechanisms for Small and Medium-sized enterprises and to support the innovation and competitiveness of enterprises.

 

The European Union has identified four priority projects which are at the heart of the of Partnership’s efforts, including projects for:

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