Update from Kiva

Due to turmoil in the region and trouble collecting repayments, Shurush paused their lending operations in 2006. The partnership is now closed.

Original description

The Shurush Initiative is a nonprofit organization dedicated to improving the grave economic situation in the West Bank and Gaza through transparent microfinance and proactive employment. Shurush provides financial and technical support to Palestinian microfinance organizations that offer services including microcredit loans and business training. Further, Shurush works to ensure the transparency of its partner microfinance institutions.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 15, 2006 Oct 12, 2005
Total Loans $4,400 $975,320,125
Amount of raised Inactive loans $0 $454,450
Number of raised Inactive loans 0 209
Amount of Paying Back Loans $0 $147,705,800
Number of Paying Back Loans 0 184,500
Amount of Ended Loans $4,400 $827,159,875
Number of Ended Loans 7 1,039,728
Delinquency Rate 0.00% 8.18%
Amount in Arrears $0 $7,873,615
Outstanding Portfolio $0 $96,307,171
Number of Loans Delinquent 0 20,023
Default Rate 57.16% 1.39%
Amount of Ended Loans Defaulted $2,515 $11,517,921
Number of Ended Loans Defaulted 7 33,035
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,428,499
Refund Rate 13.64% 0.61%
Amount of Refunded Loans $600 $5,970,900
Number of Refunded Loans 1 5,987

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 75.40%
Average Loan Size $625 $399
Average Individual Loan Size $625 $629
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $2,900 $5,874
Average Loan Size / GDP per capita (PPP) 21.55% 6.79%
Average Time to Fund a Loan 0 days 6.9 days
Average Dollars Raised Per Day Per Loan $0.00 $57.76
  Average Loan Term 12 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 49 0
  Journaling Rate 0.00% 0.00%
  Average Number of Comments Per Journal 2.16 0.05
  Average Number of Recommendations Per Journal 1.18 1.16

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 30.00% PY 26.13% PY
  Profitability (return on assets) N/A 1.3% -1.72%
  Average Loan Size (% of per capita income) N/A 34.00% 16.60%

Country Fast Facts

Field Partner Staff

Bryan Berkett
The Shurush Initiative
Basil Jarrar
Uri Pomerantz