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 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 $840,656,525
Amount of raised Inactive loans $0 $483,750
Number of raised Inactive loans 0 228
Amount of Paying Back Loans $496,950 $135,062,675
Number of Paying Back Loans 184 162,634
Amount of Ended Loans $1,773,150 $705,110,100
Number of Ended Loans 862 873,174
Delinquency Rate 0.80% 8.64%
Amount in Arrears $1,848 $7,539,247
Outstanding Portfolio $230,799 $87,222,941
Number of Loans Delinquent 16 24,407
Default Rate 0.51% 1.28%
Amount of Ended Loans Defaulted $8,980 $9,044,396
Amount of Ended Loans $1,773,150 $705,110,100
Number of Ended Loans Defaulted 10 23,680
Currency Exchange Loss Rate 0.00% 0.42%
Amount of Currency Exchange Loss $0 $3,556,056
Refund Rate 0.31% 0.64%
Amount of Refunded Loans $7,000 $5,410,350
Number of Refunded Loans 2 5,724

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 20.22% 74.77%
Average Loan Size $2,173 $409
Average Individual Loan Size $2,173 $643
Average Group Loan Size $0 $1,815
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $4,900 $5,941
Average Loan Size / GDP per capita (PPP) 44.34% 6.88%
Average Time to Fund a Loan 10.21 days 6.86 days
Average Dollars Raised Per Day Per Loan $212.73 $59.57
  Average Loan Term 26.94 months 11.01 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 64 415,995
  Journaling Rate 7.76% 40.52%
  Average Number of Comments Per Journal 0.44 0.06
  Average Number of Recommendations Per Journal 11.16 1.35

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 30.00% PY 27.71% PY
  Profitability (return on assets) 3.5% 1.3% -0.31%
  Average Loan Size (% of per capita income) 174.50% 34.00% 19.52%

Country Fast Facts

Field Partner Staff

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