This entrepreneur is a mature gentleman who is 42 years old. He is married and has four children. He has a diploma and is a sophisticated person.
He owns a camera shop. He has taken full advantage of his first loan and was able to make some changes to his his shop. His shop is in a convenient location adjacent to the Security Office. He bought a duplicator and other essential materials for his shop with his second loan. He now has permission to borrow more money from Al-Thiqa, because he is dependable. In addition to owning his shop, he also draws and takes photographs, as do his employees.
He purchased most of his merchandise by using the second loan that he received from Al-Thiqa. His income is now higher, which will enable him to bring up four children in tough circumstances. He always avoids being late in order to be a trustworthy customer. He has a acquired a lot of experience in his business.
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.