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 - March 13, 2020

Kiva and ACAD have agreed to end their partnership after nearly 7 years and almost $400,000 in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank ACAD for the years of collaboration and wish them success in their future endeavors.

Partner Description: 

ACAD for Financing and Development is the microfinance wing of Arab Center for Agricultural Development (ACAD), an organization operating in Ramallah, Palestine. Founded in 1993, it provides micro-loans, small loans, and agriculture loans to poor and low-income Palestinian entrepreneurs. ACAD for Financing and Development focuses on several areas of development including offering credit, fostering community development and building agricultural cooperatives.

Today, the organization has impacted over 11,000 people -- including 66 cooperatives -- with loan volume of over $22 million. Kiva lenders’ funds are used to help ACAD serve more people in remote areas, including farmers who already belong to cooperatives. Additionally, the funds enable ACAD for Financing and Development to offer loans at lower interest rates to make sure that even the poorest Palestinian borrowers have access to affordable credit.

A unique lending approach and partnerships

ACAD for Financing and Development provides a diverse range of financial products, business support services and facilitation of savings to entrepreneurs who want to start or expand their own businesses. Additionally, in response to the region’s salary freeze in 2007, the organization offers loans so that women can supplement their salaries and take better care of their families.

ACAD for Financing and Development currently works with several agricultural cooperatives to provide members with extension services, training, and technical support. ACAD for Financing and Development's field staff make regular visits to these farmers to provide them with free information about market prices and agricultural best practices.

ACAD's partners includes International Solidarity for Development and Investment (SIDI) and Agence Française de Développement (AFD).  SIDI specializes in financial and technical support for microfinance institutions, while AFD finances development around the world on behalf of the French Government. Historically, ACAD’s main sources of funding have been grants and loans from international institutions such as European Commission (EC),Islamic Development Bank (IDB) and United Nations Development Programme (UNDP). Kiva represents a unique source of capital for the institution to extend its reach.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jul 8, 2013 Oct 12, 2005
Total Loans $398,650 $2,056,238,590
Amount of raised Inactive loans $0 $277,355
Number of raised Inactive loans 0 253
Amount of Paying Back Loans $0 $158,100,775
Number of Paying Back Loans 0 187,973
Amount of Ended Loans $398,650 $1,854,343,460
Number of Ended Loans 150 2,501,455
Delinquency Rate 0.00% 12.27%
Amount in Arrears $0 $11,965,982
Outstanding Portfolio $0 $97,560,700
Number of Loans Delinquent 0 63,552
Default Rate 1.93% 1.84%
Amount of Ended Loans Defaulted $7,697 $34,038,827
Number of Ended Loans Defaulted 7 91,258
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,742,203
Refund Rate 0.75% 0.55%
Amount of Refunded Loans $3,000 $11,261,520
Number of Refunded Loans 1 9,866

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 35.56% 78.49%
Average Loan Size $2,660 $393
Average Individual Loan Size $2,660 $585
Average Group Loan Size $0 $1,913
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $4,900 $5,592
Average Loan Size / GDP per capita (PPP) 54.28% 7.03%
Average Time to Fund a Loan 15.13 days 9.13 days
Average Dollars Raised Per Day Per Loan $175.82 $43.04
  Average Loan Term 27.34 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 18 1,224,773
  Journaling Rate 10.67% 41.91%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.55

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 17% PY 30.00% PY 26.61% PY
  Profitability (return on assets) 0.6% 1.3% -1.37%
  Average Loan Size (% of per capita income) N/A 34.00% 0.00%

Country Fast Facts

Lending Partner Staff