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 July 2003 CHF piloted the first microfinance program in Iraq, Access to Credit Services Initiative (ACSI) to address the demand for credit from micro and small businesses and home owners. Since that time it has grown into the largest MFI in the country, covering over more than 65% of Iraq’s geographical area (as of December 2011).

ACSI’s mission is to contribute to the overall economic revitalization of Iraq by helping male and female business owners and home owners to strengthen and expand their businesses, stabilize their income, and improve their habitat & quality of life; which is consistent with CHF International’s mission to improve the housing and economic circumstances, and environments of low and moderate income communities around the world.

ACSI's main objectives:

The large demand for ACSI services also demonstrates that Iraqis continue to seek opportunities to invest in their future.

Please join ACSI's lending team to receive updates on the organization.

  • Increase access to financial services for the working poor.
  • Stimulate and promote micro and small business development and improved living conditions.
  • Achieve and maintain financial sustainability to ensure that the program continues to serve the financial needs of the working poor.
  • Develop a transparent, and efficient credit process
  • Build customer loyalty by providing good customer service and developing products that meet demand
  • Maintain a high repayment rate and portfolio quality to ensure program success and financial sustainability
  • Build local community support for ACSI’s services
  • Develop local staff capacity to carry out ACSI activities.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 29, 2010 Oct 12, 2005
Total Loans $3,942,575 $615,272,575
Amount of raised Inactive loans $0 $387,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $282,150 $120,891,375
Number of Paying Back Loans 120 130,382
Amount of Ended Loans $3,660,425 $493,993,800
Number of Ended Loans 1,554 623,966
Delinquency Rate 2.32% 4.42%
Amount in Arrears $2,400 $3,437,053
Outstanding Portfolio $103,648 $77,771,138
Number of loanDelinquent 5 16,218
Default Rate 0.18% 1.09%
Amount of Ended Loans Defaulted $6,625 $5,399,198
Amount of Ended Loans $3,660,425 $493,993,800
Number of Ended Loans Defaulted 7 16,856
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $0 $614,667
Refund Rate 0.56% 0.74%
Amount of Refunded Loans $22,200 $4,567,000
Number of Refunded Loans 9 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 9.41% 74.23%
Average Loan Size $2,356 $419
Average Individual Loan Size $2,356 $655
Average Group Loan Size $0 $1,835
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $3,600 $3,415
Average Loan Size / GDP per capita (PPP) 65.44% 12.26%
Average Time to Fund a Loan 17.68 days 5.74 days
Average Dollars Raised Per Day Per Loan $133.22 $72.91
  Average Loan Term 11.96 months 10.45 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 38 307,487
  Journaling Rate 2.40% 42.28%
  Average Number of Comments Per Journal 0.11 0.07
  Average Number of Recommendations Per Journal 0.00 1.80

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 28% PY 27.00% PY 33.15% PY
  Profitability (return on assets) 3.8% 16.7% -1.29%
  Average Loan Size (% of per capita income) 66.40% 26.00% 38.08%

Country Fast Facts

Field Partner Staff

Mohammad Al Najar
Moataz Al-Khatib
Bassima Alloush
Adel Hatef
Elie Ibrahim
Manal Kanaan
Moustafa Khalifeh
Ahmad Lamaa