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 HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 7, 2007 Oct 12, 2005
Total Loans $190,200 $280,866,475
Amount of Raised Inactive Loans $0 $8,475
Number Of Raised Inactive Loans 0 16
Amount of Paying Back Loans $0 $76,717,975
Number Of Paying Back Loans 0 92,492
Amount of Ended Loans $190,200 $204,140,025
Number Of Ended Loans 164 280,128
Delinquency Rate 0.00% 2.44%
Amount In Arrears $0 $1,253,784
Outstanding Portfolio $0 $51,303,862
Number of Loans Delinquent 0 11,530
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $2,280,201
Amount of Ended Loans $190,200 $204,140,025
Number Of Ended Loans Defaulted 0 6,779
Currency Exchange Loss Rate 0.00% 0.00%
Amount of Currency Exchange Loss $0 $12,824
Refund Rate 0.00% 1.25%
Amount of Refunded Loans $0 $3,520,925
Number Of Refunded Loans 0 4,156

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 17.68% 74.89%
Average Loan Size $1,160 $389
Average Individual Loan Size $1,160 $618
Average Group Loan Size $0 $1,631
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $3,600 $3,403
Average Loan Size / GDP Per Capita (PPP) 32.22% 11.42%
Average Time To Fund A Loan 0.34 days 3.96 days
Average Dollars Raised Per Day Per Loan $3,387.65 $98.13
  Average Loan Term 11.88 months 9.26 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 131,523
  Journaling Rate 0.61% 39.37%
  Average Number Of Comments Per Journal 0.00 0.16
  Average Number Of Recommendations Per Journal 0.00 4.21

Kiva HelpBorrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) N/A N/A 36.11%
  Average Partner Return On Assets (Average Profitability) N/A N/A -1.45%
  Average Loan Size (% of Per Capita Income) N/A 58.70% 43.69%

Kiva HelpCountry Fast Facts

Field Partner Staff

Hussien I.Ibrahim