Last updated April 3, 2013

Partner Description:

The Arab Center for Agricultural Development (ACAD) is a microfinance organization operating in Ramallah, Palestine. Founded in 1993, it provides micro-loans, small loans, and agriculture loans to poor and low-income Palestinian entrepreneurs. ACAD focuses on several areas of development including offering credit, fostering community development and building agricultural cooperatives.

Today, the organization has impacted over 11,000 people -- including 66 cooperatives -- with loan volume of over $22 million. Kiva lenders’ funds are used to help ACAD serve more people in remote areas, including farmers who already belong to cooperatives. Additionally, the funds enable ACAD to offer loans at lower interest rates to make sure that even the poorest Palestinian borrowers have access to affordable credit.

A unique lending approach and partnerships

ACAD provides a diverse range of financial products, business support services and facilitation of savings to entrepreneurs who want to start or expand their own businesses. Additionally, in response to the region’s salary freeze in 2007, the organization offers loans so that women can supplement their salaries and take better care of their families.

ACAD currently works with several agricultural cooperatives to provide members with extension services, training, and technical support. ACAD’s field staff make regular visits to these farmers to provide them with free information about market prices and agricultural best practices.

ACAD’s list of partners includesInternational Solidarity for Development and Investment (SIDI) andAgence Française de Développement (AFD).  SIDI specializes in financial and technical support for microfinance institutions, while AFD finances development around the world on behalf of the French Government. Historically, ACAD’s main sources of funding have been grants and loans from international institutions such asEuropean Commission (EC),Islamic Development Bank (IDB) andUnited Nations Development Programme (UNDP). Kiva represents a unique source of capital for the institution to extend its reach.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 8, 2013 Oct 12, 2005
Total Loans $54,800 $572,038,600
Amount of raised Inactive loans $0 $292,975
Number of raised Inactive loans 0 290
Amount of Paying Back Loans $54,800 $116,616,775
Number of Paying Back Loans 21 122,350
Amount of Ended Loans $0 $455,128,850
Number of Ended Loans 0 579,769
Delinquency Rate 0.00% 3.68%
Amount in Arrears $0 $2,790,008
Outstanding Portfolio $43,479 $75,740,555
Number of loanDelinquent 0 11,679
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,913,187
Amount of Ended Loans $0 $455,128,850
Number of Ended Loans Defaulted 0 15,173
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $405,498
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $0 $4,475,600
Number of Refunded Loans 0 5,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 27.27% 74.23%
Average Loan Size $2,610 $418
Average Individual Loan Size $2,610 $656
Average Group Loan Size $0 $1,823
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $2,900 $3,443
Average Loan Size / GDP per capita (PPP) 89.98% 12.15%
Average Time to Fund a Loan 11.77 days 5.49 days
Average Dollars Raised Per Day Per Loan $221.70 $76.18
  Average Loan Term 25 months 10.23 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 285,464
  Journaling Rate 0.00% 42.46%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 25.00% 30.00% 33.70%
  Profitability (return on assets) -0.9% 1.3% -1.30%
  Average Loan Size (% of per capita income) 88.50% 34.00% 42.34%

Country Fast Facts

Field Partner Staff

Mohammed Abughalioun
Thaer Fakhoury
Basil Jarrar
Sameer Khraishi