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Kafalat Basic

These loans are provided for productive projects in the tourism, agriculture, industry, traditional crafts and high technology sectors in which Kafalat guarantee represents 75%.

General conditions
  • financing up to 100% of the project cost (projects in the tourism, agriculture, industry, manufacture and high technologies sectors),
  • purchase of machinery and equipment (these can be new or used),
  • purchase of raw materials and spare parts,
  • construction costs (however, the loan should not be exclusively used to cover construction costs),
  • working capital,
  • guarantee: Kafalat guarantees up to 75% of the loan amount.

Loan characteristics
  • loan amount: from LBP 4 million to LBP 300 million,
  • loan period: up to 7 years,
  • grace period: from 6 to 12 months (on capital and interests),
  • interest rate: 40% of the Lebanese Treasury bills 1 year + 3%,
  • subsidized rate by the Central Bank: up to 4.5% over a maximum period of 7 years,
  • Kafalat commission: 2.5% of the value of the Kafalat guarantee + 3‰ fiscal stamps (a fee that is charged once),
  • downpayment: to be determined according to the project; maximum financing can reach 100% (in case of development of an existing activity),
  • client contribution: set in accordance with the project, funding of the project may reach 100% (in case of developing an existing activity).

Eligibility
  • beneficiaries: individuals and all types of economic entities registered in Lebanon,
  • refinancing not allowed,
  • real estate financing excluded,
  • business activity has to take place in Lebanon.

Kafalat Basic delegation
  • for loans less or equal to LBP 75 million provided for productive projects in tourism, agriculture, industry, traditional crafts and high technology fields,
  • Kafalat guarantees 70% of the value of the loan rather than 75%,
  • requires the approval of Banque Libano-Française Committee after which Kafalat will issue the loan guarantee, a fast and efficient process.

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