The Shurush Initiative
Lending Partner since 2006 • Gaza
Fundraising Status:closed
Risk Rating:
What to know about this Lending Partner
Impact Category:
General Financial Inclusion
Default Rate:
57.16%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$4,400
Loans at Risk Rate:
0%
Kiva Borrowers:
15
Delinquency Rate:
0%
Interests and Fees:
N/A
Due to turmoil in the region and trouble collecting repayments, Shurush paused their lending operations in 2006. The partnership is now closed.
Original description
The Shurush Initiative is a nonprofit organization dedicated to improving the grave economic situation in the West Bank and Gaza through transparent microfinance and proactive employment. Shurush provides financial and technical support to Palestinian microfinance organizations that offer services including microcredit loans and business training. Further, Shurush works to ensure the transparency of its partner microfinance institutions.