Vitas Group
Financing a Better World

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Vitas Group created by Global Communities is a for-profit holding company that operates a network of microfinance companies, predominantly in the Middle East.

We are a unique group of companies with more than twenty years of proven track record of successfully lending to micro, small, and medium enterprises and the only such investment vehicle for impact investors in the region. Since 2004, Vitas companies have disbursed more than $3 billion to over 1 million customers with an annual default rate below two percent.

100,000

Total Number of Active Clients 2020

$231 million

Current Outstanding Portfolio

60,420

Number of Full-Time and Part-Time Jobs Created or Supported by Vitas

About Us

Vitas Group is a for profit microfinance arm of Global Communities, a U.S. based non-profit. Vitas Group was founded on the belief that small business owners who are ineligible to bank services deserve equal chance to access reliable and affordable financing to grow their business and improve their living standards and spur local economies.

Vitas has more than a 20-year track record of success in lending to micro and small businesses in the middle east and Romania, and unique achievement in creating social impact. Vitas is licensed by central banks and operates in Romania, Palestine, Lebanon, Jordan, Iraq, and Egypt.

Mission

Vitas Group strives to provide financial products and services that respond to our clients’ needs and foster the long-term development of individuals, their businesses, their families and their communities.

Vision

Vitas Group believes that all people with a desire and capacity to improve their lives should have access to the financial services they need to help them realize their potential and become full social and economic participants in their communities.

Underwriting Ability for Un-Bankable Loans

With personalized door to door sales approach with minimum collaterals. Business and personality assessment is conducted

Ability to Launch in New Markets

Actively pursuing strategic partners and opportunities for expansion beyond MENA

Proprietary Client Management Platform

In-house development of top notch data system that is based and managed by tech team in Serbia
 

Experienced Management Teams

Committed local professionals serving Vitas over 18 years.

Proven Track Record of Impact Investment

Since 2004, Vitas companies have disbursed more than $3 billion to over 1 million customers in 5 countries

Low Default Rate

Vitas companies have had a consistent annual default rate under two percent. This comes as result of proper assessment of repayment capability.

Success Stories

Tailor

Back To Success Stories Client Country: RomaniaClient Type of Business: Tailor As a child growing up in the small city Alba Iulia in Romania, Bogdan …

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Education Center

Back To Success Stories Client Country: RomaniaClient Type of Business: Education Center Declaration of Independence Award Introduced in 2015, ‘The Declaration of Independence’ business plan …

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Video Services

Client Country: PalestineClient Type of Business: Video Service Tamer’s story 27-year-old Tamer Z’aneen is a photographer from Beit Hanoun in Gaza, Palestine. He honed his …

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Farmer

Back To Success Stories Client Country: JordanClient Type of Business: Farmer Over the years, Vitas has become a reliable source of financial support for business …

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Vitas makes an explicit commitment to create positive change for clients. We measure our impact through a rigorous Social Performance Management framework and deliver financial services in a way that is transparent, fair, safe, and likely to generate benefits for our clients. Through direct feedback with clients and the collection of social and business data, we track how our services impact clients and understand which products and services that clients value most.

Our People

Subsidiary Management

Ziad Halaby

General Manager, Vitas Lebanon

Cristian Jurma

General Manager, Romania

Naser Darwish

General Manager, Vitas Jordan

Alaa Sisalem

General Manager, Vitas Palestine

Ahmad Lamaa

Director of Business and Operations for CHF Vitas Iraq

Moustafa Khalifeh

Director of Finance and Admin at CHF Vitas Iraq

Vitas Group Management

Khalid Kabeer

Chief Executive Officer

Nordyn Yacine

Chief Digital Officer

Richard Shumann

Chief Risk Officer

Rohit Kulkarni

Director of Marketing

Jenny Kim

Financial Analyst, Development Finance

Taylor Mills

Senior Program Manager, Development Finance

Rola El Amine

Digital Business Manager

Board of Directors

David Weiss

Chair

John Duong

Trustee

Diane Smith

Trustee

Caroline Blakely

Secretary

Carrie Hessler-Radelet

President, Global Communities

Peter Woicke

Trustee

Jennifer McDonald

Trustee

Camilla Nestor

Trustee