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

Status update — August 29, 2016

Kiva and Vitas Palestine have jointly decided to wind down the partnership, and as a result Kiva has moved this Field Partner to inactive status. This means Vitas Palestine is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders for as long as the partner has an outstanding balance. Kiva thanks Vitas Palestine for their contributions to Kiva and for their work serving people throughout Palestine. Kiva and Vitas Palestine would also like to thank all Kiva lenders who have supported borrowers in Palestine over the course of the partnership.


Status update — January 2015
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.

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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.

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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 $2,270,100 $874,960,175
Amount of raised Inactive loans $0 $710,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $440,400 $136,648,425
Number of Paying Back Loans 159 167,060
Amount of Ended Loans $1,829,700 $737,601,350
Number of Ended Loans 887 916,439
Delinquency Rate 1.55% 8.46%
Amount in Arrears $2,861 $7,476,165
Outstanding Portfolio $184,584 $88,321,485
Number of Loans Delinquent 19 22,435
Default Rate 0.49% 1.32%
Amount of Ended Loans Defaulted $8,980 $9,707,641
Number of Ended Loans Defaulted 10 27,160
Currency Exchange Loss Rate 0.00% 0.44%
Amount of Currency Exchange Loss $0 $3,823,595
Refund Rate 0.31% 0.65%
Amount of Refunded Loans $7,000 $5,700,625
Number of Refunded Loans 2 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 20.22% 74.90%
Average Loan Size $2,173 $407
Average Individual Loan Size $2,173 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $4,900 $5,934
Average Loan Size / GDP per capita (PPP) 44.34% 6.86%
Average Time to Fund a Loan 10.21 days 6.92 days
Average Dollars Raised Per Day Per Loan $212.73 $58.85
  Average Loan Term 26.94 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 64 447,522
  Journaling Rate 7.64% 41.57%
  Average Number of Comments Per Journal 0.44 0.05
  Average Number of Recommendations Per Journal 11.16 1.27

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% PY 30.00% PY 26.87% PY
  Profitability (return on assets) 3.5% 1.3% -0.78%
  Average Loan Size (% of per capita income) 174.50% 34.00% 18.82%

Country Fast Facts

Field Partner Staff

Mahmoud Abed Al Rahman
Lara AL Nasr
Amer Hidmi
Mervat Jaradat
Marwan Madia
Hala Naser
Alaa Sisalem