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Iraq Microfinance Industry Performance & Benchmarking to MENA MFIs and All MFIs Iraq Second Microfinance Workshop June 9, 2007 PowerPoint PPT Presentation


Iraq Microfinance Industry Performance & Benchmarking to MENA MFIs and All MFIs Iraq Second Microfinance Workshop June 9, 2007. Microfinance Institutions Operating in Iraq. Ninewa Business Center (NBC) in Mosul – providing technical assistance

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Iraq Microfinance Industry Performance & Benchmarking to MENA MFIs and All MFIs Iraq Second Microfinance Workshop June 9, 2007

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Iraq Microfinance Industry Performance &

Benchmarking to MENA MFIs

and All MFIs

Iraq Second Microfinance Workshop

June 9, 2007


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Microfinance Institutions Operating in Iraq

  • Ninewa Business Center (NBC) in Mosul – providing technical assistance

  • and soon to be providing loan capital

  • Forthcoming is Madinat Al-Takadum (Al-Qaim) and Amaluna (Baghdad)

  • in July 2007

  • Under consideration is Tagi, Habbaniya, Baghdadi and Ramadi


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Snapshot of MF Industry in Iraq

Total Number of Employees = 425

Total Number of Loan Officers = 130


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Loans Disbursed Since Inception

8,129

14298602

46

59,500

6577

15,566,241


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Average Loan Size by Province Since Inception


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Average Loan Size Disbursed Since

Inception

Average Loan Size Outstanding


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Loans Disbursed to Women Since Inception

854

1,604,215

1059

1571451

3

2700


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Baghdad Loans Disbursed by District


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Baghdad Map

Thawra

Kathmia

A’thamia

9 Nissan

Rusafa

Mansour

Karkh

Karada

Jihad/Baiya

Dura


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Iraq MFI Industry Findings

  • SME and Housing loans represent the highest percentage of loans by sector

  • Agriculture loans represent < 1% of total portfolio

  • The PAR > is increasing and loans in arrears are moving to the higher aging classification

  • While the portfolio is growing, the number of loans to women is not

  • There is a balanced regional distribution in Basra, Karbala, Najaf, Kirkuk and Suleimaniya

  • Basra is the highest value of loans outstanding as of Apr ‘07

  • No new loans in Ba’quba and Mosul due to security reasons

  • Baghdad loans outstanding is decreasing, and the concentration is in 2 - 3 districts

  • Baghdad PAR>180 days is increasing, represented in 12.7% of the Outstanding Loan Portfolio in Baghdad for period ending April 2007


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Benchmarking:Comparing Iraqi MFIs to All MFIs and MENA MFIs


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LEBANON

MOROCCO

TUNISIA

Palestine

JORDAN

EGYPT

YEMEN


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Legal Status

Iraq MFIs

MENA MFIs


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Active Clients by Legal Status

Iraq MFIs

MENA MFIs


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** The ratios are low because they are quarterly figures for 1st Qtr 2007


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** The ratios are low because they are quarterly figures for 1st Qtr 2007


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Total Arab Microfinance Industry – Excluding Government & Unemployment Programs

30/9/05

TOTAL Excl. G&UP

$1,216,772

$355,880,385

$292

90.2%

% of TOTAL

77.6%


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Conclusion & Findings

  • Despite its young age and the critical security situation in Iraq, the microfinance industry has achieved progress

  • Operational Sustainability at 114.9%

  • Number of active borrowers is commendable taking into consideration the Iraq MFI started operation less than four years ago & the country is in internal strife & security has deteriorated

  • The Iraq MFIs are making efforts in maintaining sufficient Loan Lose Reserves in line with international standards


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Conclusion & Findings (cont’d)

  • The total PAR is a concern (PAR should not exceed 5%)

  • Outreach to women is limited in Iraq compared with other MFIs in the MENA region and globally

  • Return on Assets and Equity is low

  • 90% of the PAR>30 days is more than 90 day in arrears, compared to the 40% of the Arab MFIs.


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Thank you!

Questions & Discussion


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