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.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 15, 2006 Oct 12, 2005
Total Loans $4,400 $538,432,075
Amount of Raised Inactive Loans $0 $319,600
Number Of Raised Inactive Loans 0 243
Amount of Paying Back Loans $0 $110,295,425
Number Of Paying Back Loans 0 113,938
Amount of Ended Loans $4,400 $427,817,050
Number Of Ended Loans 7 549,600
Delinquency Rate 0.00% 3.35%
Amount In Arrears $0 $2,392,132
Outstanding Portfolio $0 $71,413,577
Number of Loans Delinquent 0 10,630
Default Rate 57.16% 1.01%
Amount of Ended Loans Defaulted $2,515 $4,334,868
Amount of Ended Loans $4,400 $427,817,050
Number Of Ended Loans Defaulted 7 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $0 $298,028
Refund Rate 13.64% 0.82%
Amount of Refunded Loans $600 $4,417,000
Number Of Refunded Loans 1 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 0.00% 74.09%
Average Loan Size $625 $417
Average Individual Loan Size $625 $656
Average Group Loan Size $0 $1,813
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $600 $3,463
Average Loan Size / GDP Per Capita (PPP) 104.17% 12.05%
Average Time To Fund A Loan 0 days 5.29 days
Average Dollars Raised Per Day Per Loan $0.00 $78.96
  Average Loan Term 12 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 49 268,567
  Journaling Rate 100.00% 42.09%
  Average Number Of Comments Per Journal 2.16 0.09
  Average Number Of Recommendations Per Journal 1.18 2.06

Kiva HelpBorrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield N/A N/A 34.93%
  Profitability (Return on Assets) N/A N/A -1.11%
  Average Loan Size (% of Per Capita Income) N/A 117.90% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Bryan Berkett
The Shurush Initiative
Basil Jarrar
Uri Pomerantz