This paper deals with the irregular binary low-density parity-check (LDPC) codes with the constituent single parity check (SPC) codes and the error-correcting iterative low-complex decoding algorithm. The lower bound on the error fraction, guaranteed corrected by the considered iterative algorithm, was obtained for the irregular LDPC code for the first time in this paper. This lower bound was obtained as a result of analysis of Tanner graph representation of irregular LDPC code. The number of decoding iterations, required to correct the errors, is a logarithmic function of the code length. The numerical results, obtained at the end of the paper for proposed lower bound achieved similar results for the previously known best lower-bounds for regular LDPC codes and were represented for the first time for the irregular LDPC codes.