Iraqi Al-Aman Center/Kirkuk
Al-Aman’s partnership with Kiva was closed in August 2009 without prejudice after one year of inactivity. Al-Aman has determined that it no longer needs Kiva funding as it recently received a considerable grant that will cover loans to its entrepreneurs for the next three years.
Iraqi Al-Aman center / Kirkuk is a non-governmental organization (NGOs) registered at the ministry of civil society in the office of assisting non-governmental organizations. Its identification number is ID70240, and it as a non-profit organization working independently of the government.
The Iraqi Al-Aman center is funded by the United States Agency of International Development (USAID) through the IZDIHAR Project. By providing funding for microbusinesses, women and jobless people, the Iraqi Al-Amam center serves the people of Kirkuk to help promote social and economic development for the people of Iraq.
The Center was started in July of 2006, and is managed by a board of directors made up of well-known personnel with social and economic influence. The organization's board is a balanced mixture of experts and pioneers, and together they are working hard to lead the organization in the right direction.
The Center can be contacted via email at info@amanfinanc.com
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | May 7, 2007 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $190,200 | $1,952,350,065 | |
Amount of raised Inactive loans | $0 | $419,225 | |
Number of raised Inactive loans | 0 | 306 | |
Amount of Paying Back Loans | $0 | $155,640,340 | |
Number of Paying Back Loans | 0 | 182,704 | |
Amount of Ended Loans | $190,200 | $1,767,301,140 | |
Number of Ended Loans | 164 | 2,368,671 | |
Delinquency Rate | 0.00% | 10.67% | |
Amount in Arrears | $0 | $10,089,741 | |
Outstanding Portfolio | $0 | $94,566,180 | |
Number of Loans Delinquent | 0 | 42,944 | |
Default Rate | 0.00% | 1.82% | |
Amount of Ended Loans Defaulted | $0 | $32,209,409 | |
Number of Ended Loans Defaulted | 0 | 84,624 | |
Currency Exchange Loss Rate | 0.00% | 0.50% | |
Amount of Currency Exchange Loss | $0 | $11,931,838 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $10,472,500 | |
Number of Refunded Loans | 0 | 9,545 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 17.68% | 78.22% | |
---|---|---|---|
Average Loan Size | $1,160 | $391 | |
Average Individual Loan Size | $1,160 | $589 | |
Average Group Loan Size | $0 | $1,889 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $7,100 | $5,599 | |
Average Loan Size / GDP per capita (PPP) | 16.33% | 6.99% | |
Average Time to Fund a Loan | 0.34 days | 8.92 days | |
Average Dollars Raised Per Day Per Loan | $3,387.65 | $43.91 | |
Average Loan Term | 11.88 months | 11.46 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 1 | 1,176,169 | |
---|---|---|---|
Journaling Rate | 0.61% | 42.29% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.57 |
Borrowing Cost Comparison (based on 2009 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | N/A | 27.00% PY | 26.92% PY | |
---|---|---|---|---|
Profitability (return on assets) | N/A | 16.7% | -3.11% | |
Average Loan Size (% of per capita income) | N/A | 26.00% | 0.00% |
Country Fast Facts
- Country:
- Iraq
- Capital:
- Baghdad
- Official Language:
- Arabic (official), Kurdish (official), Turkmen, and Assyrian
- Population:
- 32,585,692
- Avg Annual Income:
- $7,100
- Labor Force:
- agriculture: 21.6%, industry: 18.7%, services: 59.8%
- Population Below Poverty Line:
- 25.00%
- Literacy Rate:
- 78.50%
- Infant Mortality Rate (per 1000):
- 37.53 deaths
- Life Expectancy:
- 71.42 years