Kafalat
Pelase fill in your email and your friend's email
Your email has been sent
Send
Kafalat
Kafalat

It is time to benefit and expand your business with Kafalat programs offered by Fenicia bank.

You can choose Kafalat basic, Kafalat Delegation, Kafalat Plus and Kafalat Innovative to reboost your businesses in agriculture, industry, handicraft, technology and tourism.

Kafalat general criteria
  • Currency: Lebanese pounds or its counter value in foreign currencies.
  • Interest rates
    • LBP: Lebanese TB interest rate for 1 year *40% + 3%
    • USD: Libor(1year) +5.5%
      * Interests are subsidized up to 4.5% and refunded by the central bank to the borrower.
  • Fees:
    • Annual commission: 2.5% of the guarantee amount paid to Kafalat company.
    • BDL stamps fees charged once: LBP 100,000
  • Loan purposes:
    • Renovation or extension of premises, purchase of machinery and equipment , coverage up to 20% of working capital, salaries cost of professionals, fees and services to the project.
    • Loan amounts should not be used to cover pre-existing loans.
  • Required documents (main)
    • Commercial register
    • Commercial circular
    • By-laws
    • Authorized persons photocopy of IDs
    • Project feasibility study
    • Financial statements for the previous three years (audited)
    • Statements of accounts for the previous 6 months
Kafalat Basic
Features
  • Loan amount: Between LBP 15 and 300 million
  • Loan duration: Up to 7 years
  • Grace period: between 6 and 12 months
  • Kafalat guarantee : 75%
Applicants

All types of legal entities:

 

  • Individual
  • Personal Company
  • Simple Partnership
  • Limited Liability companies
  • Joint stock companies
  • Cooperative
  • SMEs with 40 employees or less

 

*Borrower can be of any nationality, provided that the financed project is in Lebanon.

Kafalat Delegation
Features
  • Loan amount: Up to LBP 75 million
  • Loan Duration: Up to 7 years
  • Grace Period: Between 6 and 12 months
  • Faster approval and disbursement
Applicants

All types of legal entities:

 

  • Individual
  • Personal Company
  • Simple Partnership
  • Limited Liability companies
  • Joint stock companies
  • Cooperative
  • SMEs with 40 employees or less

 

*Borrower can be of any nationality, provided that the financed project is in Lebanon.

Kafalat Plus
Features
  • Loan Amount: Up to LBP 600 million
  • Loan Duration: Up to 7 years
  • Grace Period: Between 6 and 12 months
  • Borrower Guarantee: Not required
  • Borrower contribution: Minimum of 20% in personal equity (30% for startup companies)
  • SMEs Equity should be more than 30% of the total outstanding liabilities
Purpose

All business expenditure such as:

 

  • Purchase of machinery and equipment
  • Purchase of raw material
  • Partial construction cost
  • Coverage of working capital, wages and salaries up to 20%
Applicants

All incorporated SMEs:

 

  • SARL Companies
  • SAL Companies
  • Cooperatives
Kafalat Innovative
Features
  • Loan amount : Up to LBP 300 million
  • Loan Duration: Up to 5 years
  • Grace Period: Between 6 and 12 months
  • Borrower Guarantee: Not required
  • Borrower contribution: minimum of 10% in personal equity towards the cost of the project.
Applicants

All incorporated SMEs:

 

  • SARL Companies
  • SAL Companies
  • Cooperatives
To find out more you are welcomed at any of our branches.