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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 15, 2006 Oct 12, 2005
Total Loans $4,400 $1,450,864,100
Amount of raised Inactive loans $0 $1,223,625
Number of raised Inactive loans 0 240
Amount of Paying Back Loans $0 $148,030,575
Number of Paying Back Loans 0 168,521
Amount of Ended Loans $4,400 $1,301,609,900
Number of Ended Loans 7 1,706,680
Delinquency Rate 0.00% 21.88%
Amount in Arrears $0 $20,867,506
Outstanding Portfolio $0 $95,357,301
Number of Loans Delinquent 0 72,886
Default Rate 57.16% 1.73%
Amount of Ended Loans Defaulted $2,515 $22,469,414
Number of Ended Loans Defaulted 7 54,461
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,838,315
Refund Rate 13.64% 0.63%
Amount of Refunded Loans $600 $9,156,125
Number of Refunded Loans 1 8,490

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 76.69%
Average Loan Size $625 $395
Average Individual Loan Size $625 $610
Average Group Loan Size $0 $1,773
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $2,900 $5,730
Average Loan Size / GDP per capita (PPP) 21.55% 6.89%
Average Time to Fund a Loan 0 days 7.44 days
Average Dollars Raised Per Day Per Loan $0.00 $53.06
  Average Loan Term 12 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 49 911,198
  Journaling Rate 0.00% 43.86%
  Average Number of Comments Per Journal 2.16 0.03
  Average Number of Recommendations Per Journal 1.18 0.70

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 30.00% PY 25.38% PY
  Profitability (return on assets) N/A 1.3% -1.35%
  Average Loan Size (% of per capita income) N/A 34.00% 12.34%

Country Fast Facts

Field Partner Staff

Bryan Berkett
The Shurush Initiative
Basil Jarrar
Uri Pomerantz