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The beneficiary
Small and average Lebanese economic companies/ corporations, companies with an employee base of 40 employees or less, and corporations that are represented by any moral person.
Loan goal
In general, the financing of the establishment of a new productive power. It’s also designed to increase the productivity of corporations/ companies, expand their businesses, and increase their incomes.
Loan use
Once the bank has agreed on the loan, KAFALAT assures 75% of the loan. Any organization that uses capital, and that means any corporation, as well as the purchase of sets and equipments, the import of materials, setting, and the addition of workmen and employees; this is all under one condition: the loan should not be used for the repayment of previous debts.
Concerned Sectors
The industry, agriculture and tourism sectors, as well as the artisan production and the technicalities of the advanced information science sector.
Loan value
300 million Lebanese Pounds as a maximum or the equivalent of this sum in foreign currencies.
Loan Period
Should not exceed seven years including the grace period.
Grace period
The borrower is granted a six month period that includes the original debt and the interest before the settlement starts; it is possible to extend the grace period for one year according to a decision taken by KAFALAT SAL’s administration board, if it can be proven that the utility study would need to do that.
The settlement
The settlement is done monthly and each payment includes the interest and part of the original loan.
What is KAFALAT?
It is a Lebanese stock corporation, with a capital of 20 billion Lebanese Pounds paid in whole. Its contributors are the national corporation of the deposits guarantee (15 billion Lebanese Pounds) and 50 banks of those operating in Lebanon (5 billion Lebanese Pounds).
Company's bail
KAFALAT SAL guarantees the utmost payment of 75% from the value of the original loan granted, with a similar percentage from the interests incumbent upon him for the period of grace, plus three months.
Bail's validity
KAFALAT SAL guarantees the maximal payment of 75% of the original loan’s value that has been granted, with a similar percentage from the interests incumbent upon him for the grace period, plus three months.
The commission
The bailed person pays a commission by the rate of 2.5% from the guaranteed value which is calculated yearly on the bail value basis, on the annual due date.
What distinguishes it?
 It's the fastest capital provision for the foundation or the expansion of an industry, be it agricultural, an artisan production, or an information science technology.
Its conditions are easy and the interests on the loans which it guarantees do not exceed 1.4% and the general cost 3.3%.
It gives an answer for applications presented by the banks within a maximum of three weeks.
It aims for the expansion of the businesses of small and average corporations and for the facilitation of their development.
It does not stipulate the existence of land guarantees and /or gages.
It grants a grace period of the original loan and an interest amounting from six months to a year.
It ensures motivation for advanced productivity of successful small businesses as well as professional, handicraft and technical investments.
It provides balanced development and job opportunities.
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