So your dream can be fertile.
IBL Bank Kafalat Agriculture loans are tailored to meet the specific needs of small agricultural projects, larger ones and tree projects. These loans provide you with the fertile ground you need to grow your business dreams.
Small Agriculture
Budding potential.
The IBL Bank Kafalat Small Agriculture loan is your tool to finance farming, machinery, greenhouses, irrigation systems, conditioning, and the packaging of fruits. Ideal for agriculture professionals in Lebanon, up to LBP65 million can be borrowed.
Highlights:
- Maximum Amount: LBP65,000,000 (or its equivalent in USD)
- Eligible Applicants:
- Individual
- Sole proprietorship
- Simple partnership
- Limited Liability Company (SARL)
- Joint Stock Company (SAL)
- Cooperative
- NGO
- Tenor: Up to 7 years
- Grace Period: Between 6 months and 1 year
- Kafalat Guarantee: 85%
- Collateral: No Collateral
- 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
Trees
Solid branches for your dreams.
The IBL Bank Kafalat Trees loan sows the seeds so you can cover the costs of the plantation of trees, machinery for trees, irrigation systems, conditioning and the packaging of fruits. Up to USD320,000 can be borrowed so your dream can take root.
Highlights:
- Maximum Amount: LBP480,000,000 (or its equivalent in USD)
- Eligible Applicants:
- Individual
- Sole proprietorship
- Simple partnership
- Limited Liability Company (SARL)
- Joint Stock Company (SAL)
- Cooperative
- NGO
- Tenor: Up to 10 years
- Grace Period: Between 6 months and 3 year
- Kafalat Guarantee: 75%
- Collateral: Cannot exceed 50% of the loan value
- 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