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Iraq Microfinance Industry Performance & Benchmarking to MENA MFIs and All MFIs Iraq Second Microfinance Workshop

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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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Presentation Transcript
slide1

Iraq Microfinance Industry Performance &

Benchmarking to MENA MFIs

and All MFIs

Iraq Second Microfinance Workshop

June 9, 2007

slide2

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
slide3

Snapshot of MF Industry in Iraq

Total Number of Employees = 425

Total Number of Loan Officers = 130

slide6

Loans Disbursed Since Inception

8,129

14298602

46

59,500

6577

15,566,241

slide8

Average Loan Size Disbursed Since

Inception

Average Loan Size Outstanding

slide11

Loans Disbursed to Women Since Inception

854

1,604,215

1059

1571451

3

2700

baghdad map
Baghdad Map

Thawra

Kathmia

A’thamia

9 Nissan

Rusafa

Mansour

Karkh

Karada

Jihad/Baiya

Dura

slide20

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
slide22

LEBANON

MOROCCO

TUNISIA

Palestine

JORDAN

EGYPT

YEMEN

slide23

Legal Status

Iraq MFIs

MENA MFIs

slide31

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%

slide32

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
slide33

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.
slide34

Thank you!

Questions & Discussion