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Iraq > Iraqi Al-Aman Center/Kirkuk


Al-Aman’s partnership with Kiva was closed in August 2009 without prejudice after one year of inactivity. Al-Aman has determined that it no longer needs Kiva funding as it recently received a considerable grant that will cover loans to its entrepreneurs for the next three years.

Iraqi Al-Aman center / Kirkuk is a non-governmental organization (NGOs) registered at the ministry of civil society in the office of assisting non-governmental organizations. Its identification number is ID70240, and it as a non-profit organization working independently of the government.

The Iraqi Al-Aman center is funded by the United States Agency of International Development (USAID) through the IZDIHAR Project. By providing funding for microbusinesses, women and jobless people, the Iraqi Al-Amam center serves the people of Kirkuk to help promote social and economic development for the people of Iraq.

The Center was started in July of 2006, and is managed by a board of directors made up of well-known personnel with social and economic influence. The organization's board is a balanced mixture of experts and pioneers, and together they are working hard to lead the organization in the right direction.

The Center can be contacted via email at info@amanfinanc.com


Kiva Help Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 7, 2007 Oct 12, 2005
Total Loans $190,200 $118,121,935
Amount of Raised Inactive Loans $0 $147,475
Number Of Raised Inactive Loans 0 212
Amount of Paying Back Loans $0 $50,404,975
Number Of Paying Back Loans 0 68,278
Amount of Ended Loans $190,200 $67,569,485
Number Of Ended Loans 164 99,368
Delinquency Rate 0.00% 4.10%
Amount of Paying Back Loans Delinquent $0 $2,067,573
Amount of Paying Back Loans $0 $50,404,975
Number of Paying Back Loans Delinquent 0 7,071
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $1,170,399
Amount of Ended Loans $190,200 $67,569,485
Number Of Ended Loans Defaulted 0 3,524
Currency Exchange Loss Rate 0.00% 0.00%
Amount of Currency Exchange Loss $0 $0
Refund Rate 0.00% 1.05%
Amount of Refunded Loans $0 $1,240,850
Number Of Refunded Loans 0 1,583
Updated as of February 9, 2010 12:43 AM

Kiva Help Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Entrepreneurs 17.68% 78.07%
Average Loan Size $1,160 $401
Average Individual Loan Size $1,160 $595
Average Group Loan Size $0 $1,545
Average Number Of Entrepreneurs Per Group 0 0
Average GDP Per Capita (PPP) in Local Country $3,600 $3,429
Average Loan Size / GDP Per Capita (PPP) 32.22% 11.69%
Average Time To Fund A Loan 0.34 days 2.45 days
Average Dollars Raised Per Day Per Loan $3,411.05 $163.61
  Average Loan Term 11.88 months 9.27 months
Updated as of February 9, 2010 12:43 AM

Kiva Help Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 60396
Journal Coverage 0.61% 29.57%
Journal Coverage, Kiva Fellows 0.00% 0.19%
  Journal Frequency (Average Per Loan Per Year) 0.00 0.31
  Average Number Of Recommendations Per Journal 0.00 8.87
Updated as of February 9, 2010 12:43 AM

Kiva Help Borrowing Cost Comparison

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) N/A 34% 35.22%
  Average Partner Return On Assets (Average Profitability) N/A 6% -0.47%
  Average Loan Size (% of Per Capita Income) N/A 75% 43.94%

Field Partner Staff

Hussien I.Ibrahim

Kiva Help Country Fast Facts

Country: Iraq
Capital: Baghdad
Official Language: Arabic and Kurdish
Population: 26,783,383
Avg Annual Income: $3,600
Labor Force: composition by sector: agriculture: 7.3% industry: 66.6% services: 26.1% (2004 est.)
Population Below Poverty Line: n/a
Literacy Rate: 40.4%
Infant Mortality Rate (per 1000): 48.64 deaths
Life Expectancy: 69 years
Currency: Iraq Dinars
Exchange Rate: 1,165.6000 IQD = 1 USD