Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

In January of 2015, Ryada changed their name to Vitas Palestine, to reflect their membership in the Vitas Group, which is Global Communities' (formerly CHF International) vehicle for fulfilling their mission in microfinance and small- and medium-enterprise finance.

Partner Description:

Vitas Palestine was founded in 1994 as a program of CHF International to offer microfinance products in Palestine and provide services to low- and moderate-income businesses, home owners and consumers in the West Bank and Gaza. The organization targets clients who cannot access credit from commercial banking institutions.

In 2012, Vitas Palestine's outstanding portfolio reached US$14.4 million, and it was able to achieve a record-low at-risk percentage of 1.4% -- lower than other Palestinian microfinance institutions. Currently, it is one of the largest microfinance providers in the West Bank and Gaza. Vitas Palestine provides loans for housing, small businesses, young entrepreneurs and household needs. To date, the institution has disbursed US$100 million in loans, improving housing for 15,000 families, helping 6,200 small businesses grow, and impacting even more lives.

User-added image

The institution partners with Palestine’s 6 major banks to operate its microfinance programs and build its profile as a solid investment business. Vitas Palestine has partnered with Kiva since 2008 and is now an active member of Palestinian microfinance network Sharakeh and Arabic microfinance network Sanabel, as well as MIX Market.

In the next five years, Vitas Palestine aims to register as a for-profit company, serve upwards of 17,000 clients, and reach an outstanding portfolio of $39 million.

User-added image

Images courtesy of Vitas Palestine.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 24, 2008 Oct 12, 2005
Total Loans $2,134,500 $720,705,200
Amount of raised Inactive loans $0 $513,950
Number of raised Inactive loans 0 352
Amount of Paying Back Loans $724,200 $133,013,825
Number of Paying Back Loans 302 152,720
Amount of Ended Loans $1,410,300 $587,177,425
Number of Ended Loans 697 728,047
Delinquency Rate 0.45% 7.25%
Amount in Arrears $1,701 $6,246,136
Outstanding Portfolio $381,402 $86,144,297
Number of Loans Delinquent 20 20,682
Default Rate 0.62% 1.16%
Amount of Ended Loans Defaulted $8,730 $6,837,380
Amount of Ended Loans $1,410,300 $587,177,425
Number of Ended Loans Defaulted 9 19,782
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $0 $1,945,073
Refund Rate 0.33% 0.68%
Amount of Refunded Loans $7,000 $4,898,125
Number of Refunded Loans 2 5,415

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 20.43% 74.40%
Average Loan Size $2,139 $416
Average Individual Loan Size $2,139 $653
Average Group Loan Size $0 $1,849
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $4,900 $5,938
Average Loan Size / GDP per capita (PPP) 43.66% 7.01%
Average Time to Fund a Loan 10.02 days 6.37 days
Average Dollars Raised Per Day Per Loan $213.60 $65.31
  Average Loan Term 26.54 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 59 354,026
  Journaling Rate 9.94% 41.33%
  Average Number of Comments Per Journal 0.47 0.07
  Average Number of Recommendations Per Journal 11.92 1.57

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 30.00% PY 31.97% PY
  Profitability (return on assets) 3.5% 1.3% -1.93%
  Average Loan Size (% of per capita income) 174.50% 34.00% 19.57%

Country Fast Facts

Field Partner Staff

Mahmoud Abed Al Rahman
Lina AL Khateeb
operations assistant
Eman Hassouneh
Eman Hassouneh
Amer Hidmi
Mervat Jaradat
Marwan Madia
Hala Naser
Lina Nasr
Alaa Sisalem
Nadin Zaghal