|
|
|
ABOUT US - Members - Khater ABI HABIB |
 |
Khater ABI HABIB
Chairman and CEO
Kafalat s.a.l. is constituted as a joint stock financial company, subject to
the regulatory control of the Central Bank of Lebanon and the Bank
Control Commission.
The shareholders are the National Institute for the
Guarantee of Deposits (NIGD) as well as 50 of the Banks operating in
Lebanon. It is run by a board of six directors, three from the NIGD and
three from the partners' banks. The board elects a chairman who is also the
general manager.
Kafalat is a Lebanese financial company with a public concern that assists small and medium enterprises (SMEs)
to access commercial bank funding. Since the inception of the program, more than 4000 projects have been
guaranteed.
Kafalat targets SMEs and innovative start-ups firms employing 40 people or fewer that belong to one of the
following economic sectors: Industry, Agriculture, Tourism, Traditional Crafts, High Technology.
Loans guaranteed under Kafalat program benefit from interest rate subsidies, set up to mitigate the crowding out
effect of the high interest rates in Lebanon that are induced by public sector borrowing. The interest rate subsidies
are financed by the Lebanese treasury and administered by the Central Bank of Lebanon.
Kafalat also maintains collaboration with governmental and non governmental organizations maintained on a
national and international level.
|
|
|
|
|
