Special Conditions

  • The borrower must commit to making a minimum contribution of 50% in equity, either in kind (subject to Kafalat’s approval) or in cash towards the cost of the project.
  • Loans may only be approved for renovation or extension of premises, machinery and equipment, and working capital.
  • The lending bank is not allowed to require from the borrower any collateral or other guarantees on top of the Kafalat loan guarantee.