Anonymous
Status: Paying Back
| $2,900.00 | Loan Amount |
|---|
0% repaid
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that name and location be undisclosed)| Name: | Anonymous |
|---|---|
| Location: | Location Undisclosed, Iraq |
| Activity: | Tailoring |
About the Loan
| Loan Amount: | $2,900.00 |
|---|---|
| Loan Use: | purchasing fabric and a sewing machine |
| Repayment Term: | 13 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
 |
| Date Listed: | Oct 26, 2009 |
| Date Disbursed: | Oct 4, 2009 |
| Date Funded: | Oct 26, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Al-Thiqa Organization |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Pilot |
| Time On Kiva: | 0 months |
| Kiva Entrepreneurs: | 14 |
| Total Loans: | $35,500 |
| Delinquency Rate: | 0.00% |
| Default Rate: | N/A - No Loan Terms Completed |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Iraq |
|---|---|
| Avg Annual Income: | $3,600.00 |
| Currency: | United States Dollars (USD) |
The client is a 30-year-old male and is married with one child. The client has been running a tailor’s shop for five years. The shop has a superb reputation in the city. With this loan the client is planning to purchase a sewing machine, fabric and yarn, which will help him increase his income. He intends to soon hire an assistant to help him around his shop.
Important Information About This Loan
Iraqi regulations are currently unclear about whether microfinance institutions are legally allowed to obtain foreign funding. While Kiva has been able to send and receive funds to and from Iraq in the past, there is a possibility that future loan repayments could get stuck in the country for regulatory reasons, even if individual borrowers pay back their loans. As a lender to borrowers in Iraq, you would be taking on this additional risk. Kiva cannot guarantee the return of these funds, but it will do all within its power to resolve any issues that may arise.
Important Information About This Loan
Iraqi regulations are currently unclear about whether microfinance institutions are legally allowed to obtain foreign funding. While Kiva has been able to send and receive funds to and from Iraq in the past, there is a possibility that future loan repayments could get stuck in the country for regulatory reasons, even if individual borrowers pay back their loans. As a lender to borrowers in Iraq, you would be taking on this additional risk. Kiva cannot guarantee the return of these funds, but it will do all within its power to resolve any issues that may arise.
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Journal entries for Anonymous
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Loan has been disbursed
Location: Location Undisclosed, Iraq
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Posted by
from Location Undisclosed, Iraq
Oct 27, 2009 |
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Comment on this entry
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Repayment Schedule for Anonymous
Repayment Schedule for Anonymous
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $245.00 | Available Jan 1 | |||
| February 2010 | $245.00 | Available Feb 1 | |||
| March 2010 | $245.00 | Available Mar 1 | |||
| April 2010 | $245.00 | Available Apr 1 | |||
| May 2010 | $245.00 | Available May 1 | |||
| June 2010 | $245.00 | Available Jun 1 | |||
| July 2010 | $245.00 | Available Jul 1 | |||
| August 2010 | $245.00 | Available Aug 1 | |||
| September 2010 | $245.00 | Available Sep 1 | |||
| October 2010 | $490.00 | Available Oct 1 | |||
| November 2010 | $205.00 | Available Nov 1 | |||
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