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This borrower is 23 years old married. He graduated from primary school.

Five years ago, he worked with his uncle and gained a lot of experience in this business. Then he decided to build a spare parts shop for himself so he could earn a reasonable income. He opened his shop and was able to attract many clients.

With this loan, he wants to buy spare parts and materials to expand his shop and compete in the market.

Additional Information

Important Information

Please note this Field Partner is "atypical" among Kiva's partner base as they have not been visited by any members of Kiva's staff. Because of on-going security concerns, due diligence was conducted remotely. This partner does, however, meet all of the minimum criteria for partnership with Kiva. Also, please be aware that 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.

About Iraq

  • $7,100
    Average annual income
  • 0
    View loans »
    Iraq Loans Fundraising
  • $9,342,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped this borrower to buy spare parts and materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 4, 2010
Jan 18, 2010
Currency Exchange Loss:
Aug 15, 2010