This entrepreneur is 34 years old and married, and has an only child. He attended intermediate school and passed the final exam.
He owns a women's clothing shop. He’s been in this business for more than three years. The purpose of this loan is to purchase more goods for his shop so he can attract more customers. Consequently, his family's income will increase. He is extremely ambitious and wants to expand and improve his shop, and begin to import various clothes for his shop. He has a good reputation in the market.
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.