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 $505,000 $865,713,375
Amount of raised Inactive loans $0 $452,150
Number of raised Inactive loans 0 313
Amount of Paying Back Loans $416,225 $137,836,300
Number of Paying Back Loans 367 167,586
Amount of Ended Loans $88,775 $727,424,925
Number of Ended Loans 63 903,463
Delinquency Rate 0.34% 8.08%
Amount in Arrears $775 $7,264,332
Outstanding Portfolio $229,200 $89,905,815
Number of Loans Delinquent 5 22,066
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,619,604
Amount of Ended Loans $88,775 $727,424,925
Number of Ended Loans Defaulted 0 26,678
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,748,624
Refund Rate 1.09% 0.65%
Amount of Refunded Loans $5,500 $5,584,100
Number of Refunded Loans 5 5,819

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 74.31% 74.87%
Average Loan Size $1,163 $408
Average Individual Loan Size $1,174 $640
Average Group Loan Size $1,000 $1,806
Average number of borrowers per group 3 7.8
Average GDP per capita (PPP) in local country $15,800 $5,937
Average Loan Size / GDP per capita (PPP) 7.36% 6.86%
Average Time to Fund a Loan 15.49 days 6.91 days
Average Dollars Raised Per Day Per Loan $75.10 $59.02
  Average Loan Term 13.89 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 28 439,475
  Journaling Rate 20.29% 41.46%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

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 27.39% PY
  Profitability (return on assets) 3.1% -13.5% -0.85%
  Average Loan Size (% of per capita income) N/A 11.00% 19.18%

Country Fast Facts

Field Partner Staff

Rouba Abou Assaly
Manale Haddad
Fadia Jradi
Aziz Terkiyeh