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Loans to small and medium-sized enterprises in Lebanon guaranteed by Kafalat fell by more than 80 percent to just $3.5 million in the first four months of 2019 .Kafalat is a Lebanese financial company with a public concern that assists small and medium-sized enterprises to access commercial bank funding.Kafalat helps SMEs by providing loan guarantees based on business plans and feasibility studies that show the viability of the proposed business activity.It processes guarantee applications for loans that are to be provided by Lebanese banks to SMEs operating throughout Lebanon under the Kafalat program.
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