Last Updated June 3, 2014

Partner Description:
 
Ibdaa Microfinance is an initiative of the Arab Gulf Fund (AGFUND) aimed at reducing poverty and unemployment in Lebanon. Ibdaa targets marginalized communities, women, entrepreneurs and youth. 
 
Among the populations Idbaa targets are displaced Syrian and Palestinian refugees. Lebanon has been experiencing an influx of Syrian refugees who are escaping the violent conflict in neighboring Syria. The refugees add to Lebanon’s economic instability as they struggle to obtain jobs. Palestinian refugees are also a highly marginalized part of the Lebanese economy. They are forced to live in refugee camps and face many job restrictions. Ibdaa’s loans will serve these vulnerable refugee communities and help stabilize Lebanon’s economy.
 
Unique Lending Approach:
 
Kiva funding is used primarily for Ibdaa’s borrowers who are Syrian refugees, Palestinian refugees and youth with startup businesses. The loans are given to Syrian and Palestinian refugees who are working or have established businesses, and women borrowers are prioritized.
 
The loans that Ibdaa offers to Syrian refugees are group loans (three per group), while those offered to the Palestinian refugees and youth startups are individual loans. The youth startup loans are particularly unique in that they will also include business development services, on-the-job coaching and mentoring to help young entrepreneurs successfully launch their businesses.
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 10, 2014 Oct 12, 2005
Total Loans $484,875 $852,920,625
Amount of raised Inactive loans $0 $385,600
Number of raised Inactive loans 0 174
Amount of Paying Back Loans $398,700 $136,722,750
Number of Paying Back Loans 351 165,990
Amount of Ended Loans $86,175 $715,812,275
Number of Ended Loans 61 887,137
Delinquency Rate 0.15% 8.47%
Amount in Arrears $350 $7,464,269
Outstanding Portfolio $239,307 $88,165,956
Number of Loans Delinquent 3 23,833
Default Rate 0.00% 1.29%
Amount of Ended Loans Defaulted $0 $9,262,536
Amount of Ended Loans $86,175 $715,812,275
Number of Ended Loans Defaulted 0 24,043
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,656,456
Refund Rate 1.13% 0.64%
Amount of Refunded Loans $5,500 $5,429,350
Number of Refunded Loans 5 5,746

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 72.82% 74.81%
Average Loan Size $1,165 $408
Average Individual Loan Size $1,177 $642
Average Group Loan Size $1,000 $1,813
Average number of borrowers per group 3 7.8
Average GDP per capita (PPP) in local country $15,800 $5,939
Average Loan Size / GDP per capita (PPP) 7.37% 6.87%
Average Time to Fund a Loan 15.45 days 6.89 days
Average Dollars Raised Per Day Per Loan $75.39 $59.18
  Average Loan Term 13.87 months 11.03 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 23 433,123
  Journaling Rate 25.93% 41.45%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.30

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 37% PY 32.00% PY 27.46% PY
  Profitability (return on assets) 3.1% -13.5% -0.60%
  Average Loan Size (% of per capita income) N/A 11.00% 19.25%

Country Fast Facts

Field Partner Staff

Rouba Abou Assaly
Manale Haddad
Fadia Jradi
Aziz Terkiyeh