What is it?
- Target: small to medium size businesses
- Company’s size: with up to 40 employees
- Sector: Industrial, agricultural, touristic, artisan, and high-technology sectors
What can you borrow?
- Kafalat Basic: Up to 300,000,000 LBP or C/V in USD. Kafalat sal guarantees up to 75% of the value of the loan granted by FRANSABANK
- Kafalat Plus: Up to 600,000,000 LBP or C/V in USD. Kafalat sal guarantees up to 85% of the value of the loan granted by FRANSABANK
- Kafalat Innovative: Up to 300,000,000 LBP or C/V in USD. Kafalat sal guarantees up to 90% of the value of the loan granted by FRANSABANK
- Interet Rate for loans in LBP: 40% of Lebanese Treasury Bills (1 year) + 3%
- Interest Rate for loans in USD: Libor (1 year) + 5.5%
- Up to 7% of the interest is subsidized by the Central Bank of Lebanon
- Guarantees are determined on cases by case basis.
How will you repay it?
- Flexible repayment period up to 7 years
- Grace period of 6 to 12 months (studied on case by case basis)
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