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 $1,331,337,875
Amount of raised Inactive loans $0 $563,800
Number of raised Inactive loans 0 742
Amount of Paying Back Loans $0 $148,394,175
Number of Paying Back Loans 0 196,083
Amount of Ended Loans $4,400 $1,182,379,900
Number of Ended Loans 7 1,522,146
Delinquency Rate 0.00% 10.32%
Amount in Arrears $0 $9,760,879
Outstanding Portfolio $0 $94,575,562
Number of Loans Delinquent 0 55,435
Default Rate 57.16% 1.75%
Amount of Ended Loans Defaulted $2,515 $20,648,081
Number of Ended Loans Defaulted 7 50,344
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,194,263
Refund Rate 13.64% 0.59%
Amount of Refunded Loans $600 $7,883,225
Number of Refunded Loans 1 7,778

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 76.40%
Average Loan Size $625 $394
Average Individual Loan Size $625 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $2,900 $5,776
Average Loan Size / GDP per capita (PPP) 21.55% 6.82%
Average Time to Fund a Loan 0 days 7.13 days
Average Dollars Raised Per Day Per Loan $0.00 $55.26
  Average Loan Term 12 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 49 789,946
  Journaling Rate 0.00% 43.14%
  Average Number of Comments Per Journal 2.16 0.03
  Average Number of Recommendations Per Journal 1.18 0.81

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 25.36% PY
  Profitability (return on assets) N/A 1.3% -1.98%
  Average Loan Size (% of per capita income) N/A 34.00% 12.96%

Country Fast Facts

Field Partner Staff

Bryan Berkett
The Shurush Initiative
Basil Jarrar
Uri Pomerantz