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

Status update — September 14, 2016

Kiva and Relief International Microfinance Iraq have agreed to end their partnership after nearly five years and more than $1.2 million in loans raised. Relief International Microfinance Iraq's final loans with Kiva have ended or defaulted, and Kiva's partnership with this partner is now closed. We thank Relief International for the years of collaboration and wish them success in their future endeavors.

Status update — May 18, 2015

Kiva has moved this Lending Partner to inactive status. This means RI Iraq 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.

RI Iraq and Kiva came to this decision mutually, as RI Iraq has not had the need to post loans on Kiva in recent months. If and when RI Iraq requests to fundraise loans on Kiva again, we will first conduct any additional monitoring and due diligence tasks we believe necessary.


Partner description:

Relief International (RI), founded in 1990, is a non-profit non-sectarian agency that provides emergency relief, rehabilitation, development assistance, and program services to vulnerable communities worldwide. RI aligns its core mission to bridge emergency relief with long-term development though sustainable, enterprise-oriented solutions. As of 2011, RI operates in 23 countries throughout the Middle East, the Americas, Asia and Africa providing emergency relief, rehabilitation, development assistance, and program services. RI focuses on initiatives in health and sanitation, food and agriculture, education and empowerment, livelihoods and enterprise, shelter and infrastructure, and protection and human rights.

Relief International merged with EnterpriseWorks in July, 2009, bringing together expertise that contributes to the capacity of RI-Microfinance to impact social and economic development. Together, RI and EnterpriseWorks combat poverty through economic development programs based on sustainable, enterprise-oriented solutions. For 50 years, EnterpriseWorks has worked in more than 60 countries of Africa, Asia, and Latin America to promote sustainable, enterprise-oriented solutions to problems facing micro, small, and medium-scale enterprises.

Relief International Microfinance in Iraq, began in July 2006. As of June 2011, RI-International Microfinance in Iraq holds a $9.3 million microfinance portfolio serving over 9,700 clients, 34% of whom are women, carrying an average loan size of $959 to conduct business, agribusiness, and home improvements. Through a ten-branch network, RI sustainably reaches low income sections of Iraqi society through smaller-than-average microfinance loans, with one of the largest group loan programs in Iraq, and one of the highest proportions of female clients. Loans are primarily for businesses engaged in services, trade and production as well as in agribusiness. RI also offers loans for home improvement. The purpose of RI-Microfinance in Iraq is to extend access to quality, responsive, and sustainable financial services for micro, small and medium enterprises. RI-Microfinance in Iraq strives to be an integral partner in socio-economic development by supporting the growth of existing businesses, the development of youth entrepreneurs and the upgrading of housing. RI structures its loans to facilitate the client’s growth, as well as to manage and plan for additional growth.

The successful performance and impact of RI-Microfinance in Iraq is attributed to RI and EnterpriseWorks’ extensive operational experience with development finance in challenging urban, rural, and post-conflict environments. Together RI and EnterpriseWorks have established and supported thriving microfinance institutions. Some of the better known institutions include Al Amana in Morocco, PADME in Benin, Pride Finance in Guinea and MADAD in Azerbaijan. RI and EnterpriseWorks currently manage loan funds in eight developing countries worldwide, primarily in the Middle East and South Asia.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Dec 22, 2011 Oct 12, 2005
Total Loans $1,275,800 $1,958,818,855
Amount of raised Inactive loans $0 $250,565
Number of raised Inactive loans 0 237
Amount of Paying Back Loans $0 $161,326,725
Number of Paying Back Loans 0 188,875
Amount of Ended Loans $1,275,800 $1,768,237,830
Number of Ended Loans 293 2,370,066
Delinquency Rate 0.00% 12.18%
Amount in Arrears $0 $12,199,756
Outstanding Portfolio $0 $100,189,739
Number of Loans Delinquent 0 72,764
Default Rate 2.49% 1.83%
Amount of Ended Loans Defaulted $31,766 $32,304,134
Number of Ended Loans Defaulted 16 84,789
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,980,628
Refund Rate 0.66% 0.54%
Amount of Refunded Loans $8,400 $10,526,300
Number of Refunded Loans 3 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 79.18% 78.23%
Average Loan Size $2,032 $392
Average Individual Loan Size $4,485 $589
Average Group Loan Size $4,225 $1,891
Average number of borrowers per group 3 8.3
Average GDP per capita (PPP) in local country $7,100 $5,599
Average Loan Size / GDP per capita (PPP) 28.62% 7.00%
Average Time to Fund a Loan 9.41 days 8.93 days
Average Dollars Raised Per Day Per Loan $215.87 $43.86
  Average Loan Term 12.59 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 5 1,178,627
  Journaling Rate 1.71% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2012 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 26% PY 27.00% PY 27.02% PY
  Profitability (return on assets) N/A 16.7% -3.10%
  Average Loan Size (% of per capita income) N/A 26.00% 0.00%

Country Fast Facts

Lending Partner Staff