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 - January 16, 2020

Kiva recently assessed the level of risk associated with loans from this Field Partner. During this process, our analysts gathered updated operational and financial information about the institution, and analyzed the Field Partner’s loan products. As a result, The Specific Union for Farmer Women in Jordan's risk rating is now listed as 0.5 stars instead of Experimental.


Partner Description:

The Specific Union for Farmer Women in Jordan was established to raise awareness of the social issues facing rural women in Jordan. These include low standard of living, lack of job opportunities, violence against women, limited access to capital and limited access to education.  Due to limited financial literacy, lack of mobility, and lack of collateral, many women do not have access to traditional forms of credit.

To combat these issues, The Specific Union for Farmer Women in Jordan offers training programs as well as loan products to foster financial independence and education. These services are particularly important in the rural areas of Jordan because women are often limited to the domestic sphere, and thereby are unable to gain financial independence.
 

A unique lending approach:

Most efforts to reduce social inequalities in Jordan take the form of traditional top-down charities that are geared towards health and family planning. The Specific Union for Farmer Women in Jordan provides rural women with capital and training for their businesses and education to improve their own futures.  The organization offers both small business loans and educational loans.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 1, 2015 Oct 12, 2005
Total Loans $137,025 $1,608,688,920
Amount of raised Inactive loans $0 $647,750
Number of raised Inactive loans 0 706
Amount of Paying Back Loans $78,400 $165,151,500
Number of Paying Back Loans 28 202,585
Amount of Ended Loans $58,625 $1,442,889,670
Number of Ended Loans 21 1,907,536
Delinquency Rate 65.20% 17.24%
Amount in Arrears $25,893 $17,837,794
Outstanding Portfolio $37,793 $103,457,745
Number of Loans Delinquent 28 75,538
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,702,368
Number of Ended Loans Defaulted 0 61,787
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,687
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $9,486,100
Number of Refunded Loans 0 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 77.44%
Average Loan Size $2,796 $392
Average Individual Loan Size $2,796 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $6,100 $5,673
Average Loan Size / GDP per capita (PPP) 45.84% 6.91%
Average Time to Fund a Loan 5.83 days 8.07 days
Average Dollars Raised Per Day Per Loan $479.80 $48.58
  Average Loan Term 36.71 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 979,534
  Journaling Rate 2.70% 42.24%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR 34.00% PY 26.41% PY
  Profitability (return on assets) N/A 6.8% -0.56%
  Average Loan Size (% of per capita income) N/A 14.00% 11.35%

Country Fast Facts

Country:
Jordan
Capital:
Amman
Official Language:
Arabic (official), English
Population:
7,930,491
Avg Annual Income:
$6,100
Labor Force:
agriculture: 2.7%, industry: 20%, services: 77.4%
Population Below Poverty Line:
14.20%
Literacy Rate:
95.90%
Infant Mortality Rate (per 1000):
15.73 deaths
Life Expectancy:
74.1 years

Field Partner Staff

Sabha Ahmad
Zeinab Almoumani
Huda Saleem