Innovate and excel.

Kafalat Innovative optimal suits companies in Lebanon that need up to USD200,000 to reinvent their work in industry, agriculture, tourism, crafts and technology. The IBL Bank Kafalat Innovate loan can be used to purchase equipment, capital goods, raw materials and spare parts; secure working capital; cover consulting fees or research and development; or even marketing promotion activities (such as participation in professional showrooms or foreign exhibitions).

Highlights:

• Maximum Amount: LBP300,000,000 (or its equivalent in USD)
• Eligible Applicants:
  • Limited Liability Company (SARL) 
  • Joint Stock Company (SAL)
  • Cooperative
• Sectors Covered:
  • Industry
  • Agriculture
  • Tourism
  • Crafts
  • High technologies
• Tenor: Up to 5 years
• Grace Period: Between 6 months and 1 year
• Kafalat Guarantee: 90%
• Collateral: No Collateral
• Interest Rate:
  • LBP: 1 Year TB + 3% - subsidy rate 4.5% => Actual Effective Rate = 3.85%p.a. (May 2018)
  • USD: Libor 1Y + 5.5% - subsidy rate 4.5% => Actual Effective Rate = 3.77%p.a. (May 2018)
• Commission: 2.5% Kafalat Commission on the outstanding guaranteed amount to be collected on an annual basis
• Condition
  • Minimum 10% contribution of the borrower in the project