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

Status update — February 14, 2020

The recent unrest in Lebanon, beginning with protests and leading to the fall of the government, has greatly impacted the operations of our partners in the country. The economic implications have been significant, including capital controls put in place by banks which prevent all outgoing transfers of US dollars. As a result, our partners are currently unable to remit repayments owed to Kiva lenders. Kiva is in close contact with Ibdaa and we are confident they are managing the situation as best they can, but until the situation improves Ibdaa will not be posting loans to Kiva. We thank lenders for their patience during these challenging times in Lebanon.

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 $3,028,225 $1,403,476,400
Amount of raised Inactive loans $0 $939,700
Number of raised Inactive loans 0 356
Amount of Paying Back Loans $1,074,900 $149,763,650
Number of Paying Back Loans 1,111 193,645
Amount of Ended Loans $1,953,325 $1,252,773,050
Number of Ended Loans 1,766 1,620,556
Delinquency Rate 65.73% 21.87%
Amount in Arrears $400,230 $20,431,877
Outstanding Portfolio $608,781 $93,421,438
Number of Loans Delinquent 1,109 130,112
Default Rate 0.58% 1.76%
Amount of Ended Loans Defaulted $11,333 $22,041,481
Number of Ended Loans Defaulted 26 53,405
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,432,766
Refund Rate 4.45% 0.63%
Amount of Refunded Loans $134,700 $8,878,850
Number of Refunded Loans 157 8,379

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 74.33% 76.47%
Average Loan Size $1,041 $393
Average Individual Loan Size $1,043 $609
Average Group Loan Size $1,000 $1,761
Average number of borrowers per group 3 7.8
Average GDP per capita (PPP) in local country $15,800 $5,749
Average Loan Size / GDP per capita (PPP) 6.59% 6.84%
Average Time to Fund a Loan 17.16 days 7.18 days
Average Dollars Raised Per Day Per Loan $60.66 $54.73
  Average Loan Term 14.08 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 724 865,518
  Journaling Rate 27.92% 43.37%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 40% PY 32.00% PY 25.74% PY
  Profitability (return on assets) 4.8% -13.5% -1.78%
  Average Loan Size (% of per capita income) N/A 11.00% 12.55%

Country Fast Facts

Field Partner Staff

Nassab Abd El Kader
Rouba Abou Assaly
Rawan El Fil
Manale Haddad
Fadia Jradi
Malak Zeineddine