Anonymous
Status: Paying Back
| $2,500.00 | 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: | Grocery Store |
About the Loan
| Loan Amount: | $2,500.00 |
|---|---|
| Loan Use: | To buy a vertical refrigerator and inventory for his store |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
 |
| Date Listed: | Nov 3, 2009 |
| Date Disbursed: | Oct 11, 2009 |
| Date Funded: | Nov 4, 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 breadwinner for the family of five. This is his second loan from the microfinance institution. His first loan was $2,500 for his mini-market. With that loan he was able to increase his income and make regular and timely loan repayments. This loan is to purchase a vertical refrigerator and inventory for his store.
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
Nov 5, 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 | $210.00 | Available Jan 1 | |||
| February 2010 | $210.00 | Available Feb 1 | |||
| March 2010 | $210.00 | Available Mar 1 | |||
| April 2010 | $210.00 | Available Apr 1 | |||
| May 2010 | $210.00 | Available May 1 | |||
| June 2010 | $210.00 | Available Jun 1 | |||
| July 2010 | $210.00 | Available Jul 1 | |||
| August 2010 | $210.00 | Available Aug 1 | |||
| September 2010 | $210.00 | Available Sep 1 | |||
| October 2010 | $210.00 | Available Oct 1 | |||
| November 2010 | $210.00 | Available Nov 1 | |||
| December 2010 | $190.00 | Available Dec 1 | |||
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